Wells Fargo & Co. Starts Stock Coverage on BJ’s Restaurants (BJRI)

By admin | 6 years ago

Investment analysts at Wells Fargo & Co. (NYSE: WFC) assumed coverage on shares of BJ’s Restaurants (NASDAQ: BJRI) in a note issued to investors on Friday. The firm set a “market perform” rating on the stock.

Shares of BJ’s Restaurants traded down 0.30% during mid-day trading on Friday, hitting $45.95. BJ’s Restaurants has a one year low of $39.80 and a one year high of $56.64. The company has a market cap of $1.285 billion and a P/E ratio of 40.79.

BJ’s Restaurants last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.01. BJ’s Restaurants’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that BJ’s Restaurants will post $0.32 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of BJ’s Restaurants in a research note to investors on Thursday, April 12nd. They set an “overweight” rating and a $57.00 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of BJ’s Restaurants in a research note to investors on Friday, March 30th. They set an “overweight” rating and a $59.00 price target on the stock. Finally, analysts at Wedbush upgraded shares of BJ’s Restaurants from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, March 26th. They now have a $57.00 price target on the stock, up previously from $47.00.

BJ’s Restaurants, Inc. (BJ’s) owned and operated 93 restaurants located in 13 states (California, Texas, Arizona, Colorado, Oregon, Nevada, Florida, Ohio, Oklahoma, Kentucky, Indiana, Louisiana and Washington).

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