Wedbush Sticks to Its Buy Rating for 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 $60. The company’s shares closed yesterday at $51.97.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 56.7% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on BJ’s Restaurants is a Moderate Buy with an average price target of $65.80, representing a 26.6% upside. In a report issued on February 13, Maxim Group also maintained a Buy rating on the stock with a $84 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.

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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.

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