• RTX Securities sets target of $13 for Chicago Pizza's stock

NEW YORK -- RTX Securities has rated Chicago Pizza & Brewery's stock a "strong buy" and set a 12-month target price of $13. The firm's target is about 80 percent higher than the stock's current trading price.

According to the Wall Street Journal, an RTX Securities representative wrote, "In our opinion, investors need to get involved in Chicago Pizza before the positive benefits of (1) the recent capital infusion; (2) the strong senior management additions; (3) the accelerated restaurant development; and (4) the further expansion into [states in which employers are allowed to pay workers who receive tips less than the federal minimum wage] flow through the company's operating results."

Chicago Pizza & Brewery, based in Huntington Beach, Calif., operates 26 casual dining restaurants, some of which incorporate brewpubs, in several Western U.S. states.

Related Content

User Comments – Give us your opinion!
Products & Services

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Call Center Ordering

http://global.networldalliance.com/new/images/products/5939.png

5939/Call-Center-Ordering

PeopleMatter SCHEDULEā„¢

http://global.networldalliance.com/new/images/products/4628.png

4628/PeopleMatter-SCHEDULE

Pepperoni

http://global.networldalliance.com/new/images/products/6787.png

6787/Pepperoni

Quad Core Menu Board Media Player - $199

http://global.networldalliance.com/new/images/products/6679.png

6679/Quad-Core-Menu-Board-Media-Player-199

Restaurant technology news, trends & best practices

http://global.networldalliance.com/new/images/products/5079.png

5079/Restaurant-technology-news-trends-best-practices

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

Operations Support

http://global.networldalliance.com/new/images/products/6409.png

6409/Operations-Support

AquaCafe

http://global.networldalliance.com/new/images/products/6965.png

6965/AquaCafe

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.