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Fly News Breaks for July 26, 2019
Jul 26, 2019 | 09:35 EDT
Loop Capital analyst Lynne Collier lowered her price target on BJ's Restaurant to $45 after its Q2 earnings miss and an "in-line" comp growth of 2%. The analyst also points to the "flattish" quarter-to-date start to Q3 given the unfavorable calendar shift and a sales slowdown in California, but keeps her Buy rating given the 5-year low in the stock's forward expected EBITDA multiple of 7.3-times.
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