BJ’s Restaurants price target lowered to $40 from $44 at Mizuho

Mizuho lowered the firm’s price target on BJ’s Restaurants (BJRI) to $40 from $44 and keeps a Neutral rating on the shares. The firm views the post-Iran war selloff in restaurant stocks as overdone. “Clear evidence of a slowdown in restaurant trends from higher gas prices is lacking so far despite pressure on shares,” the analyst tells investors in a research note. Mizuho sees the “most appealing dislocation” within coffee and says Dutch Bros (BROS) remains its top pick. The analyst continues to view casual diners as relatively well positioned in the current environment.