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Fly News Breaks for July 26, 2019
Jul 26, 2019 | 09:15 EDT
Stephens analyst Will Slabaugh said "intense investor focus remains" on margins at BJ's Restaurants and he expects commentary around flattish quarter-to-date comps to pressure EPS estimates. He lowered his price target on the stock to $50 from $70 to reflect lower estimates and the market's view of small cap casual restaurants, but he keeps an Overweight rating on BJ's shares, contending that if the market doesn't recognize the "significant and growing the coming months, then PE or a strategic buyer likely will."
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