BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $52.00
BJ’s Restaurants (NASDAQ:BJRI) had its target price upped by Wells Fargo & Co from $44.00 to $52.00 in a research note published on Monday morning, The Fly reports. The firm currently has a market perform rating on the restaurant operator’s stock.
Several other brokerages have also commented on BJRI. Maxim Group began coverage on shares of South Jersey Industries in a research note on Tuesday, April 16th. They set a buy rating and a $40.00 price target on the stock. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a hold rating in a research note on Friday, June 28th. ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a research note on Thursday, July 11th. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a buy rating to a hold rating in a research note on Monday, May 20th. Finally, BidaskClub downgraded shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $60.77.
Shares of BJRI opened at $41.17 on Monday. The business’s fifty day simple moving average is $42.68. BJ’s Restaurants has a 12 month low of $39.28 and a 12 month high of $76.50. The firm has a market cap of $839.11 million, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.89. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 1.66.
Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in BJ’s Restaurants in the 1st quarter valued at $34,000. Somerset Trust Co raised its stake in shares of BJ’s Restaurants by 133.1% in the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 454 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of BJ’s Restaurants in the 1st quarter valued at $130,000. PNC Financial Services Group Inc. raised its stake in shares of BJ’s Restaurants by 80.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 1,460 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BJ’s Restaurants in the 4th quarter valued at $207,000.
About BJ’s Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.
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