Citi lowered the firm’s price target on BJ’s Restaurants to $29 from $40 and keeps a Neutral rating on the shares ahead of the Q3 report. The analyst believes management will speak positively about an improved go-forward path for store-level margins, express confidence in recent menu initiatives and discuss a better Q3 exit rate comp, “all of which should work to stem the recent share slide.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BJRI:
- BJRI Upcoming Earnings Report: What to Expect?
- BJ’s Restaurants price target lowered to $28 from $31 at Barclays
- BJ’s Restaurants management to meet virtually with Benchmark
- BJ’s Restaurants added to Best Ideas List at Wedbush
- BJ’s Restaurants, Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call