Stifel Nicolaus Downgrades BJ's Restaurants to Sell with Price Target $35.00

Brokerage firm Stifel Nicolaus Downgrades its rating on BJ's Restaurants(NASDAQ:BJRI). In a research note issued to the investors, the brokerage major Lowers the price-target to $35.00 per share. The shares have been rated Sell. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

In a different note, On Jun 24, 2016, Tigress Financial said it Upgrades its rating on BJ's Restaurants. The shares have been rated ‘Buy’ by the firm. On Jun 23, 2016, Tigress Financial said it Upgrades its rating on BJ's Restaurants. The shares have been rated ‘Buy’ by the firm.

BJ's Restaurants (BJRI) shares turned negative on Fridays trading session with the shares closing down -0.31 points or -0.79% at a volume of 4,07,244. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.43. The peak price level was also seen at $39.43 while the days lowest was $38.52. Finally the shares closed at $38.84. The 52-week high of the shares is $52.37 while the 52-week low is $38.29. According to the latest information available, the market cap of the company is $937 M.

BJ's Restaurants(BJRI) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $250.33M. Analysts had an estimated revenue of $253.64M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Brian S Krakower (Chief Information Officer) sold 702 shares at $44.82 per share price.Also, 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.

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