BJ’s Restaurants, Inc. (NASDAQ:BJRI) Given Consensus Recommendation of “Hold” by Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $31.56.

Several research firms have commented on BJRI. Robert W. Baird dropped their price target on shares of BJ’s Restaurants from $27.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Piper Sandler dropped their price target on shares of BJ’s Restaurants from $46.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. BidaskClub upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Stephens began coverage on shares of BJ’s Restaurants in a research note on Tuesday, May 19th. They issued an “equal weight” rating and a $22.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on shares of BJ’s Restaurants from $12.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in BJ’s Restaurants in the fourth quarter valued at $368,000. UBS Asset Management Americas Inc. raised its holdings in shares of BJ’s Restaurants by 10.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 16,281 shares of the restaurant operator’s stock valued at $618,000 after buying an additional 1,589 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of BJ’s Restaurants in the first quarter valued at about $6,851,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BJ’s Restaurants in the fourth quarter valued at about $1,544,000. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of BJ’s Restaurants in the fourth quarter valued at about $886,000. Institutional investors own 73.39% of the company’s stock.

NASDAQ BJRI traded up $1.31 on Monday, reaching $22.68. The stock had a trading volume of 613,169 shares, compared to its average volume of 695,531. The firm has a market capitalization of $475.72 million, a price-to-earnings ratio of 16.32 and a beta of 1.87. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 2.50. BJ’s Restaurants has a 12-month low of $6.01 and a 12-month high of $46.17. The stock has a fifty day moving average price of $20.73 and a two-hundred day moving average price of $29.03.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, May 7th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.28. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $258.43 million. BJ’s Restaurants had a return on equity of 8.96% and a net margin of 2.50%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Sell-side analysts forecast that BJ’s Restaurants will post -2.73 earnings per share for the current fiscal year.

About BJ’s Restaurants

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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