BJ’s Restaurants (BJRI) Gets a Buy Rating from Wedbush


In a report released today, Nick Setyan from Wedbush maintained a Buy rating on BJ’s Restaurants (NASDAQ: BJRI), with a price target of $75. The company’s shares closed yesterday at $62.57.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.4% and a 60.6% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.

Currently, the analyst consensus on BJ’s Restaurants is a Hold with an average price target of $69.17, implying a 10.5% upside from current levels. In a report issued on October 24, Maxim Group also maintained a Buy rating on the stock with a $81 price target.

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The company has a one-year high of $76.50 and a one-year low of $30. Currently, BJ’s Restaurants has an average volume of 399K.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Last month, Lon Ledwith, the EVP Operations of BJRI sold 11,211 shares for a total of $845,758.

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.

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