BJ's Restaurants Reaches New 12-Month High at $36.70 (BJRI)

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Shares of BJ's Restaurants (NASDAQ:BJRI) hit a new 52-week high during mid-day trading on Tuesday , Stock Ratings News reports. The stock traded as high as $36.70 and last traded at $36.56, with a volume of 113,408 shares trading hands. The stock had previously closed at $36.16.

A number of analysts have recently weighed in on BJRI shares. Analysts at Zacks upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. They now have a $43.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $43.00 price target on the stock, up previously from $38.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, up previously from $25.00. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.13.

The stock’s 50-day moving average is $34.22 and its 200-day moving average is $31.91. The company has a market cap of $1.023 billion and a P/E ratio of 61.18.

BJ's Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $219.40 million for the quarter, compared to the consensus estimate of $219.25 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that BJ's Restaurants will post $0.77 earnings per share for the current fiscal year.

In other BJ's Restaurants news, VP Alex Puchner sold 5,000 shares of BJ's Restaurants stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $35.50, for a total value of $177,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.

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