Piper Sandler analyst Brian Mullan raised the firm’s price target on BJ’s Restaurants (BJRI) to $36 from $35 and keeps a Neutral rating on the shares following quarterly results. The firm notes that for the quarter, same-store sales of +1.7% were modestly above consensus. But despite this, adjusted EBITDA missed due to RLMs that were 80 bps below, and the shares reacted Friday in kind.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BJRI: