Wedbush Reaffirms Their Buy Rating on BJ’s Restaurants (BJRI)


In a report released today, Nick Setyan from Wedbush maintained a Buy rating on BJ’s Restaurants (BJRI), with a price target of $75. The company’s shares closed on Friday at $54.73.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 5.6% and a 58.8% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BJ’s Restaurants with a $69.56 average price target, implying a 27.1% upside from current levels. In a report issued on November 29, Loop Capital Markets also upgraded the stock to Buy with a $70 price target.

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The company has a one-year high of $76.50 and a one-year low of $35.51. Currently, BJ’s Restaurants has an average volume of 496.4K.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Last month, 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.

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