Oppenheimer analyst Brian Bittner maintained a Buy rating on BJ’s Restaurants (BJRI – Research Report) today and set a price target of $37.00. The company’s shares closed yesterday at $23.57.
Bittner covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Chipotle, and Texas Roadhouse. According to TipRanks, Bittner has an average return of 10.4% and a 64.73% success rate on recommended stocks.
BJ’s Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $33.56, representing a 42.38% upside. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $41.00 price target.
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Based on BJ’s Restaurants’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $349.67 million and a net profit of $11.93 million. In comparison, last year the company earned a revenue of $329.7 million and had a net profit of $297 thousand
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BJRI in relation to earlier this year.
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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.
Read More on BJRI:
- BJ’s Restaurants, Inc. Reports Fiscal Third Quarter 2023 Results
- BJ’s Restaurants price target lowered to $29 from $40 at Citi
- BJRI Upcoming Earnings Report: What to Expect?
- BJ’s Restaurants price target lowered to $28 from $31 at Barclays
- BJ’s Restaurants management to meet virtually with Benchmark
