Wedbush Upgrades BJ’s Restaurants Stock: Outperform Rating and $43 Target Price

Wedbush Securities has reiterated their Outperform rating on shares of BJ’s Restaurants (NASDAQ:BJRI), setting a $43.00 target price on the restaurant operator’s stock. While other analysts have issued mixed opinions on BJ’s Restaurants, with some downgrading the stock, Wedbush remains optimistic about the company’s future prospects. The analysts believe BJ’s Restaurants is well-positioned for continued growth, citing factors such as strong earnings reports and positive market trends. BJ’s Restaurants recently exceeded analyst expectations for its latest quarterly earnings, reporting $0.72 earnings per share (EPS) compared to the consensus estimate of $0.51. The company also experienced a slight revenue increase during the quarter, indicating a positive trend in customer spending. Hedge funds have also expressed confidence in BJ’s Restaurants, with several increasing their holdings in recent months.