In a report issued on January 7, Stephen Anderson from Maxim Group maintained a Buy rating on BJ’s Restaurants (BJRI), with a price target of $84. The company’s shares closed yesterday at $54.58.
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.4% and a 66.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on BJ’s Restaurants is a Moderate Buy with an average price target of $68.14, a 24.8% upside from current levels. In a report issued on January 7, Stifel Nicolaus also upgraded the stock to Buy with a $65 price target.
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Based on BJ’s Restaurants’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $8.52 million. In comparison, last year the company had a net profit of $23.49 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Kendra Miller, the SVP & GC of BJRI sold 11,524 shares for a total of $762,541.
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, Inc. engages in the ownership and operation of casual dining restaurants. It 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.
