BJ’s Restaurants price target raised to $36 from $33 at Wedbush

Wedbush raised the firm’s price target on BJ’s Restaurants to $36 from $33 and keeps a Neutral rating on the shares following the "mixed" Q4 results. The analyst says BJ’s may have one of the tougher paths towards margin normalization within the casual dining peer set. The firm believes the company’s margin guidance commentary "raises more questions than answers." It thinks the stock’s current discounts to both its own pre-COVID multiples and to casual dining peers may persist.