Jefferies Reiterates Their Hold Rating on BJ’s Restaurants

By Austin Angelo

Jefferies analyst Alexander Slagle reiterated a Hold rating on BJ’s Restaurants (NASDAQ: BJRI) on August 29 and set a price target of $39. The company’s shares opened today at $30.10, close to its 52-week high of $47.55.

According to TipRanks.com, Slagle is a 4-star analyst with an average return of 9.7% and a 62.0% success rate. Slagle covers the Services sector, focusing on stocks such as Papa John’s International, Popeyes Louisiana Kitchen, and Del Taco Restaurants.

BJ’s Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $40.60.

Based on BJ’s Restaurants’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $266 million and quarterly net profit of $9.64 million. In comparison, last year the company earned revenue of $250 million and had a net profit of $13.79 million.

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BJ’s Restaurants, Inc. owns and operates casual dining restaurants. The company 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.