Buckingham Research Lowers P.F. Chang’s China Bistro to Neutral (PFCB)

By admin | 6 years ago

P.F. Chang’s China Bistro (NASDAQ: PFCB) was downgraded by equities research analysts at Buckingham Research to a “neutral” rating in a research note issued to investors on Wednesday.

PFCB has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) downgraded shares of P.F. Chang’s China Bistro from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $51.50 price target on the stock, up previously from $41.00. Separately, analysts at Miller Tabak downgraded shares of P.F. Chang’s China Bistro from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Sterne Agee downgraded shares of P.F. Chang’s China Bistro from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday.

P.F. Chang’s China Bistro traded down 0.01% on Wednesday, hitting $51.44. P.F. Chang’s China Bistro has a 52-week low of $26.10 and a 52-week high of $51.64. The company has a market cap of $1.088 billion and a price-to-earnings ratio of 37.91.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.35 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.36 EPS by $0.01. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that P.F. Chang’s China Bistro will post $0.37 EPS next quarter.

P.F. Chang’s China Bistro, Inc. (P.F. Chang’s) operates in two segments: P.F. Chang’s China Bistro (Bistro) and Pei Wei Asian Diner (Pei Wei).

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