|Over a week ago|
BJ's Restaurants price target raised to $45 from $40 at Barclays » 07:1304/2304/23/21
Barclays analyst Jeffrey…
Barclays analyst Jeffrey Bernstein raised the firm's price target on BJ's Restaurants to $45 from $40 and keeps an Underweight rating on the shares following the Q1 results. BJ's remains bullish on its long-term outlook but incremental near-term catalysts are limited, Bernstein tells investors in a research note.
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BJ's Restaurants reports Q1 EPS (14c), consensus (66c) » 16:1204/2204/22/21
Reports Q1 revenue…
Reports Q1 revenue $223.3M, consensus $205.12M. Reports Q1 SSS down 13%. "The continued efforts of our resilient team members and our entrepreneurial approach to responding to the many challenges presented by the pandemic, combined with the energy and broad appeal of the BJ's concept, drove solid first quarter results that exceeded expectations," commented Greg Trojan, Chief Executive Officer. "With many states easing restrictions on dining room capacity during the quarter, including California where we operate 62 of our 210 restaurants, guests have returned to dine, socialize and enjoy our differentiated environment and delicious menu and beverage offerings. With all of our dining rooms re-opened, though still subject to local social distancing and capacity restrictions, our weekly sales averages improved from $66,400 in January 2021 to $97,300 in March 2021, marking our highest weekly sales average since the start of the pandemic. We finished March with an approximately 17% comparable restaurant sales decline compared to March 2019, which we believe is a better representation for measuring comparable restaurant sales in 2021 given the pandemic's significant impact on 2020 sales. Our sales momentum has continued in the first three weeks of April with weekly sales averaging approximately $102,500 and comparable restaurant sales down just 7% as compared to April 2019. We are encouraged by our continued sales momentum particularly given the fact that most of our California restaurants remain limited to 50% capacity and our late night business remains challenged. The return of our guests and improving sales trends helped drive adjusted EBITDA of $12.7 million for the quarter.
Waitr Holdings signs new national delivery agreement with BJ's Restaurants » 08:5004/2204/22/21
Waitr Holdings (WTRH)…
Waitr Holdings (WTRH) announced it has signed a new national delivery agreement with BJ's Restaurants (BJRI). The new partnership expands Waitr and Bite Squad's delivery of BJ's Restaurants' casual brewhouse-inspired dining options and craft beers from select local locations to a nation-wide affiliation.
BJ's Restaurants price target raised to $62 from $56 at Deutsche Bank » 07:1004/1904/19/21
Deutsche Bank analyst…
Deutsche Bank analyst Brian Mullan raised the firm's price target on BJ's Restaurants to $62 from $56 and keeps a Hold rating on the shares ahead of the company's Q1 results. The analyst sees potential for upward revisions to Q2 and 4 consensus same-store-sales estimates.
BJ's Restaurants price target raised to $80 from $63 at Wells Fargo » 08:2504/1504/15/21
Wells Fargo analyst Jon…
Wells Fargo analyst Jon Tower raised the firm's price target on BJ's Restaurants to $80 from $63 and keeps an Overweight rating on the shares ahead of quarterly results. His custom Knapp benchmark that controls for CA/TX/FL exposure suggests room for a comfortable headline same-store sales beat, and the analyst sees BJ's Restaurants having an above-average ability to drive optimism in trends in the coming months and, more importantly, longer-term.
|Over a month ago|
BJ's Restaurants price target raised to $70 from $65 at Oppenheimer » 07:3503/0503/05/21
Oppenheimer analyst Brian…
Oppenheimer analyst Brian Bittner raised the firm's price target on BJ's Restaurants to a Street-high $70 from $65 and keeps an Outperform rating on the shares. Following a deep-dive analysis, Bittner anticipates powerful revisions to 2022 consensus estimates for a financial model with above-average earnings sensitivity, the analyst tells investors in a research note.
BJ's Restaurants price target raised to $58 from $36 at Loop Capital » 09:3202/1602/16/21
Loop Capital analyst…
Loop Capital analyst Lynne Collier raised the firm's price target on BJ's Restaurants to $58 from $36 and keeps a Hold rating on the shares after its Q4 results. The company's sales are on an upswing, and she is confident that BJ's will be in a strong position emerging from COVID given the structurally higher off-premise business, the analyst tells investors in a research note.
BJ's Restaurants price target raised to $56 from $50 at Deutsche Bank » 07:2402/1602/16/21
Deutsche Bank analyst…
Deutsche Bank analyst Brian Mullan raised the firm's price target on BJ's Restaurants to $56 from $50 and keeps a Hold rating on the shares. The analyst found the company's margin commentary encouraging.
BJ's Restaurants price target raised to $60 from $46 at Stephens » 07:2002/1202/12/21
Stephens analyst James…
Stephens analyst James Rutherford raised the firm's price target on BJ's Restaurants to $60 from $46 and keeps an Overweight rating on the shares as he believes that estimates for 2022 will "work higher." The analyst, who views BJ's as "a great way to play the recovery," still sees room for the shares to move higher despite already being up nearly 40% year-to-date.