BJ's Restaurants Price Target Increased to $44.00 by Analysts at Buckingham Research (BJRI)
Equities research analysts at Buckingham Research raised their price objective on shares of BJ's Restaurants (NASDAQ:BJRI) from $40.00 to $44.00 in a research note issued to investors on Friday. Buckingham Research’s price objective suggests a potential upside of 19.24% from the company’s current price.
A number of other analysts have also recently weighed in on BJRI. Analysts at Zacks upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. They now have a $43.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $43.00 price target on the stock, up previously from $38.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, up previously from $25.00. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.44.
Shares of BJ's Restaurants (NASDAQ:BJRI) opened at 36.90 on Friday. BJ's Restaurants has a 52 week low of $25.11 and a 52 week high of $37.10. The stock has a 50-day moving average of $34.3 and a 200-day moving average of $32.06. The company has a market cap of $1.038 billion and a P/E ratio of 61.13.
BJ's Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 24th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.06. The company had revenue of $219.40 million for the quarter, compared to the consensus estimate of $219.25 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that BJ's Restaurants will post $0.77 EPS for the current fiscal year.
In other BJ's Restaurants news, VP Wayne L. Jones sold 1,187 shares of BJ's Restaurants stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $37.00, for a total transaction of $43,919.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
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