BJ's Restaurants rises after Mizuho turns bullish
BJRI•Mizuho upgraded BJ's Restaurants to outperform from neutral, citing expected third-quarter upside, and raised its price target by $2 to $76. The brokerage lifted its same-store sales growth estimate to 5.5% from 4.6%, above its stated 4.3% consensus.
1. Mizuho raises outlook
Mizuho upgraded BJ's Restaurants to outperform from neutral, citing expected third-quarter upside, and raised its price target by $2 to $76. It increased its third-quarter same-store sales growth estimate to 5.5% from 4.6%, above the 4.3% consensus it cited, pointing to promotions and upgraded menu items.
