Raymond James Cuts P.F. Chang’s China Bistro to Market Perform (PFCB)

By admin | 6 years ago

P.F. Chang’s China Bistro (NASDAQ: PFCB) was downgraded by equities research analysts at Raymond James (NYSE: RJF) from a “strong-buy” rating to a “market perform” rating in a research note issued to investors on Thursday.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital (NYSE: RY) downgraded shares of P.F. Chang’s China Bistro from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. Separately, 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. Finally, 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.

P.F. Chang’s China Bistro traded down 0.02% 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 price-to-earnings 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.

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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