Wedbush Lowers BJ’s Restaurants Price Target to $26.00 (BJRI)
Analysts at Wedbush decreased their price target on shares of BJ’s Restaurants (NASDAQ:BJRI) from $30.00 to $26.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Wedbush’s target price would suggest a potential downside of 0.95% from the company’s current price.
A number of other firms have also recently commented on BJRI. Analysts at Stifel Nicolaus cut their price target on shares of BJ’s Restaurants from $50.00 to $42.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of BJ’s Restaurants from $31.00 to $25.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Barclays cut their price target on shares of BJ’s Restaurants from $35.00 to $28.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.64.
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down 10.07% during mid-day trading on Friday, hitting $26.25. The stock had a trading volume of 2,535,039 shares. BJ’s Restaurants has a 52-week low of $28.94 and a 52-week high of $45.63. The stock has a 50-day moving average of $32.44 and a 200-day moving average of $34.51. The company has a market cap of $740.1 million and a price-to-earnings ratio of 27.54.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $188.24 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that BJ’s Restaurants will post $1.03 EPS for the current fiscal year.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
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