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BJ’s Restaurants (NASDAQ: BJRI) received a Buy rating and an $81 price target from Maxim Group analyst Stephen Anderson today. The company’s shares closed yesterday at $66.80, close to its 52-week high of $73.05.
Anderson noted:
“We initiate coverage of BJ’s Restaurants (BJRI) with a Buy rating, based on our Street-high EPS estimates of $2.60 for 2019 and $3.10 for 2020, which lead to our Street-high $81 price target.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 15.4% and a 75.9% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BJ’s Restaurants with a $71.80 average price target.
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The company has a one-year high of $73.05 and a one-year low of $28. Currently, BJ’s Restaurants has an average volume of 334.6K.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Gregory Levin, the Pres. & CFO of BJRI sold 20,485 shares for a total of $1,323,946.
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.
