BJ's Restaurants (BJRI) is Downgraded by Stifel to Sell, Lowers Price Target to $ 35

BJ's Restaurants (BJRI) was Downgraded by Stifel to ” Sell” while Lowering the Price Target of the company shares to $ 35 from a previous price target of $52 . Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.

On the company’s financial health, BJ's Restaurants reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.40. The company had revenue of $243.40 million for the quarter, compared to analysts expectations of $244.93 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

BJ's Restaurants closed down -0.05 points or -0.11% at $44.11 with 1,15,341 shares getting traded on Wednesday. Post opening the session at $44.25, the shares hit an intraday low of $44.08 and an intraday high of $44.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 1, 2016, Brian S Krakower (Chief Information Officer) sold 702 shares at $44.82 per share price. According to the SEC, on May 10, 2016, Lon Ledwith (Interim Chief Ops Officer) sold 3,942 shares at $45.00 per share price. On Mar 15, 2016, Kevin E. Mayer (ExecVP/Chief Marketing Officer) sold 2,538 shares at $44.16 per share price, according to the Form-4 filing with the securities and exchange commission.

BJ’s Restaurants Inc. owns and operates restaurants. The Company operates under the BJ’s Restaurant & Brewery BJ’s Restaurant & Brewhouse BJ’s Pizza & Grill and BJ’s Grill names. The Company owns and operates 158 restaurants. Its menu consists of deep-dish pizza craft beers and other beers as well as a range of appetizers entrees pastas sandwiches specialty salads and desserts including its Pizookie dessert. Its menu also includes starter salads handcrafted burgers sandwiches and tacos desserts lunch specials housemade soups and salads and gluten-free menu among others. Its Snacks and Small Bites menu category comprises small plate appetizers and salads and a lower calorie and better for you menu category called Enlightened Entrees. Its menu items include Kale and Roasted Brussels Sprout Salad its Cherry Chipotle Salmon its Mediterranean Chicken Pita Tacos and its Peanut Butter S’mores Pizookie. It also offers a range of wines and spirits and root beer soda.

BJ's Restaurants

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BJ's Restaurants - Is it time to Sell?

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