Jefferies Group Increases BJ’s Restaurants Price Target to $27.00 (BJRI)
Jefferies Group increased their price objective on shares of BJ’s Restaurants (NASDAQ:BJRI) from $25.00 to $27.00 in a research note issued on Monday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential downside of 13.60% from the company’s current price.
BJRI has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of BJ’s Restaurants in a research note to investors on Friday, December 27th. They now have a $29.00 price target on the stock. Separately, analysts at Stephens downgraded shares of BJ’s Restaurants from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 28th. Finally, analysts at Wedbush cut their price target on shares of BJ’s Restaurants from $30.00 to $26.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.08.
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down 0.26% during mid-day trading on Monday, hitting $31.25. 280,533 shares of the company’s stock traded hands. BJ’s Restaurants has a 1-year low of $25.50 and a 1-year high of $40.99. The stock’s 50-day moving average is $29.87 and its 200-day moving average is $31.50. The company has a market cap of $882.1 million and a price-to-earnings ratio of 32.98.
BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that BJ’s Restaurants will post $0.88 EPS for the current fiscal year.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.