Analysts Cut BJ's Restaurants Price Target Post Q4 Results

Barclays analyst Jeffrey Bernstein lowered the price target on BJ's Restaurants Inc BJRI to $25 from $31 (23.6% downside) and kept an Underweight rating on the shares.
The company's Q4 came in short of expectations, with the primary culprit inflation and the December omicron impact.
The analyst remains cautious, saying BJ's earnings visibility is limited.
Wedbush analyst Nick Setyan maintained BJ's Restaurants with a Neutral and reduced the price target from $34 to $33 (1% upside).
Piper Sandler analyst Nicole Miller Regan lowered the price target on BJ's Restaurants to $45 from $52 (37.5% upside) and kept an Overweight rating on the shares.
The company reported Q4 sales of $291.3 million, missing the consensus of $298.19 million.
Price Action: BJRI shares are trading lower by 5.26% at $31.00 in premarket on the last check Friday.

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