In a report released today, 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 $52.03.
Anderson said:
“We maintain our Buy rating and $84 price target on BJ’s Restaurants (BJRI) ahead of the release of 4Q18 (December) results on the close. We maintain our Street-high 4Q18 EPS estimate of $0.60, vs. $0.50 consensus, based on our upwardly revised +5.0% comp estimate vs. +4.4% consensus. We raise our 2019 EPS estimate to $2.84, from $2.76 (vs. $2.48 consensus) as we increase our full-year comp estimate to +3.0%, from +2.7% (vs. +2.6% consensus). We expect BJRI’s “Project Q,” a continuous operations improvement program, as well as benign commodity costs, to be key drivers of margin expansion.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.8% and a 67.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
BJ’s Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $67.40, representing a 29.5% upside. In a report issued on February 11, Wedbush also maintained a Buy rating on the stock with a $68 price target.
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BJ’s Restaurants’ market cap is currently $1.11B and has a P/E ratio of 17.34. The company has a Price to Book ratio of 3.54.
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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.
