P.F. Chang’s China Bistro Rating Lowered to Sector Perform at RBC Capital (PFCB)

By admin | 6 years ago

P.F. Chang’s China Bistro (NASDAQ: PFCB) was downgraded by investment analysts at RBC Capital (NYSE: RY) from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday.

Shares of P.F. Chang’s China Bistro traded down 0.02% during mid-day trading on Thursday, 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 $1.092 billion and a P/E ratio of 43.20.

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. On average, analysts predict that P.F. Chang’s China Bistro will post $0.37 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research downgraded shares of P.F. Chang’s China Bistro to a “neutral” rating in a research note to investors on Wednesday. Separately, 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. Finally, 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.

P.F. Chang’s China Bistro, Inc. (P.F. Chang’s) operates in the United States food-service industry. The Company operates in two segments: P.

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