Analysts Cut BJ's Restaurants Price Target Post Q4 Results

• Barclays analyst Jeffrey Bernstein lowered the price target on BJ's Restaurants Inc (NASDAQ: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.