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Investing.com - Jefferies maintained its Buy rating and $50.00 price target on BJ’s Restaurants (NASDAQ:BJRI) following the company’s third-quarter results. The target represents a 45% upside from the current price of $34.53, with InvestingPro data showing the stock is trading slightly below its Fair Value.
The restaurant chain reported same-store sales growth of 0.5% for the quarter, which fell short of the consensus estimate of 1.2% but exceeded Jefferies’ projection of -0.3%. Despite modest sales growth, BJ’s remains profitable with diluted earnings per share of $1.17 over the last twelve months.
Jefferies highlighted encouraging traffic trends in recent weeks extending through October, with BJ’s showing solid outperformance compared to industry peers.
The firm attributed this positive momentum to ongoing tailwinds from strategic initiatives that are beginning to take shape, which it expects will drive further same-store sales and traffic improvements through the fourth quarter and beyond.
Jefferies also noted that management has hinted at a potential return to development as fundamentals have improved, suggesting the company still has "much runway left ahead" for growth.
In other recent news, BJ’s Restaurants reported its third-quarter 2025 earnings, revealing results that fell short of expectations. The company announced an earnings per share (EPS) of $0.04, which did not meet the forecasted $0.06. Additionally, the revenue figures were below projections, with the company reporting $330.2 million against the anticipated $335.63 million. These developments are significant for investors as they assess the financial health and performance of BJ’s Restaurants. The earnings miss has drawn attention from analysts, though there have been no immediate changes in stock ratings reported from major firms. Investors are likely to watch closely for any further updates or statements from the company regarding future strategies. These recent developments are critical as they provide insights into the company’s current financial status and market position.
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