BJ’s Wholesale Club Stock is a Strong Buy

Analysts at Berenberg Bank provided a review on BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) following the company’s reported Q1 earnings on May 19. Both EPS of $0.87 and revenue of $4.5 billion came in better than the Street estimates of $0.70 and $4.19 billion, respectively.
Despite the company posting comps that were a bit underwhelming, the analysts believe the company grew significant market share in Q1 as it benefits from club openings and significant gains at the pump.
With significant membership gains a leading indicator, the analysts expect the company to flourish as consumers look to stretch their dollar in the current inflationary environment. As club penetration overall is far from maxed out, the analysts expect the company and its club peers to continue to gain share from conventional grocers.
As such, the analysts continue to strongly recommend investors purchase the stock, as they believe the market doesn’t fully appreciate the company’s ability to sustain/add to recent share gains.

Follow us on Google news for more updates and News

Full Disclaimer



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.