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Wedbush analyst Nick Setyan maintained a Buy rating on BJ’s Restaurants (BJRI) today and set a price target of $60. The company’s shares closed yesterday at $42.39, close to its 52-week low of $41.22.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.0% and a 56.0% 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.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BJ’s Restaurants with a $59.40 average price target.
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Based on BJ’s Restaurants’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $12.86 million. In comparison, last year the company had a net profit of $14.66 million.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BJRI in relation to earlier this year. Most recently, in March 2019, Lea Anne Ottinger, a Director at BJRI bought 4,175 shares for a total of $99,991.
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.
