Loop Capital analyst Laura Champine raised her price target on BJ's Wholesale to $35 and kept her Buy rating, saying the company is expected to increase its club opening from 2 in 2018 to 3-5 annually. The analyst also expects BJ's to grow its EBITDA by 32%, supported mainly by the 10% membership fee increase effective in January. Champine further notes that the company's merchandise same store sales have turned positive this year for the first time in at least 6 years thanks to "rationalization of private label brands, improved value messaging, and growth of ancillary product lines".