Barclays has adjusted its outlook on BJ's Restaurants (BJRI, Financial), reducing the price target from $37 to $31. The investment bank maintains its Underweight rating for the company, citing challenges observed in the restaurant sector at the outset of the first quarter.
Adverse weather conditions initially impacted comparable sales in Q1, though there was some recovery in March. Despite this partial rebound, Barclays suggests that the incomplete recovery reflects a broader trend of declining consumer spending.
While the restaurant industry generally remains shielded from tariff-related supply chain disruptions, the anticipated decline in demand poses a significant concern. This potential downturn underscores the firm's cautious stance on BJ's Restaurants and the broader sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for BJ's Restaurants Inc (BJRI, Financial) is $42.29 with a high estimate of $50.00 and a low estimate of $36.00. The average target implies an upside of 28.92% from the current price of $32.80. More detailed estimate data can be found on the BJ's Restaurants Inc (BJRI) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, BJ's Restaurants Inc's (BJRI, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BJ's Restaurants Inc (BJRI, Financial) in one year is $35.12, suggesting a upside of 7.07% from the current price of $32.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BJ's Restaurants Inc (BJRI) Summary page.
