BJ’s Restaurants (NASDAQ:BJRI – Get Free Report)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report issued on Wednesday, MarketBeat reports. They presently have a $33.00 price objective on the restaurant operator’s stock. Wedbush’s target price indicates a potential upside of 7.88% from the stock’s current price.
A number of other analysts have also issued reports on BJRI. Robert W. Baird increased their price target on shares of BJ’s Restaurants from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. CL King decreased their target price on shares of BJ’s Restaurants from $44.00 to $40.00 in a research note on Tuesday, October 10th. Stephens boosted their price target on shares of BJ’s Restaurants from $32.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. StockNews.com started coverage on BJ’s Restaurants in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $35.10.
BJ’s Restaurants Stock Down 0.6 %
Hedge Funds Weigh In On BJ’s Restaurants
A number of institutional investors have recently modified their holdings of BJRI. Allspring Global Investments Holdings LLC grew its stake in BJ’s Restaurants by 17.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,382 shares of the restaurant operator’s stock valued at $76,000 after buying an additional 359 shares during the last quarter. AdvisorShares Investments LLC grew its position in shares of BJ’s Restaurants by 2.1% in the third quarter. AdvisorShares Investments LLC now owns 18,007 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 370 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of BJ’s Restaurants by 5.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,640 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 411 shares during the last quarter. Royal Bank of Canada boosted its stake in BJ’s Restaurants by 8.2% during the 2nd quarter. Royal Bank of Canada now owns 6,024 shares of the restaurant operator’s stock valued at $192,000 after purchasing an additional 457 shares during the period. Finally, Inspire Investing LLC grew its holdings in BJ’s Restaurants by 5.3% in the 2nd quarter. Inspire Investing LLC now owns 9,825 shares of the restaurant operator’s stock valued at $312,000 after buying an additional 496 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.
About BJ’s Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.
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