Benchmark Co. Remains a Buy on BJ’s Restaurants (BJRI)

Benchmark Co. analyst Todd Brooks maintained a Buy rating on BJ’s Restaurants (BJRI – Research Report) today and set a price target of $45.00. The company’s shares closed yesterday at $32.76.

Brooks covers the Consumer Cyclical sector, focusing on stocks such as Red Robin Gourmet, Wingstop, and BJ’s Restaurants. According to TipRanks, Brooks has an average return of 2.2% and a 42.24% success rate on recommended stocks.

In addition to Benchmark Co., BJ’s Restaurants also received a Buy from Wedbush’s Nick Setyan in a report issued today. However, on the same day, Barclays maintained a Sell rating on BJ’s Restaurants (NASDAQ: BJRI).

Based on BJ’s Restaurants’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $323.64 million and a net profit of $8.05 million. In comparison, last year the company earned a revenue of $344.15 million and had a net profit of $3.96 million

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BJRI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BJ’s Restaurants (BJRI) Company Description:

BJ’s Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. The firm operates BJ’s Restaurant and Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza and Grill or BJ’s Grill. It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers. The company was founded in 1978 and is headquartered in Huntington Beach, CA.