In a report released today, Christopher O`Cull from Stifel Nicolaus downgraded BJ’s Restaurants (BJRI – Research Report) to Hold, with a price target of $38.00. The company’s shares closed last Friday at $35.81.
According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 19.8% and a 72.2% success rate. O`Cull covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Papa John’s International.
BJ’s Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $45.91, a 36.0% upside from current levels. In a report issued on October 13, Morgan Stanley also maintained a Hold rating on the stock with a $44.00 price target.
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The company has a one-year high of $63.42 and a one-year low of $27.46. Currently, BJ’s Restaurants has an average volume of 300.7K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BJRI in relation to earlier this year.
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BJ’s Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. The firm 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. The company was founded in 1978 and is headquartered in Huntington Beach, CA.
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