BJ’s Restaurants (BJRI) Upgraded by BidaskClub to Hold

BJ’s Restaurants (NASDAQ:BJRI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, BidAskClub reports.

BJRI has been the topic of several other reports. Zacks Investment Research lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Maxim Group reiterated a “buy” rating and set a $72.00 price objective (down from $84.00) on shares of BJ’s Restaurants in a research note on Friday, February 22nd. Wells Fargo & Co decreased their price objective on BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, February 14th. Stifel Nicolaus upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Stephens decreased their price objective on BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating on the stock in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.91.

Shares of BJRI traded up $0.75 during mid-day trading on Thursday, hitting $48.15. The stock had a trading volume of 1,058,732 shares, compared to its average volume of 524,513. The firm has a market cap of $968.54 million, a PE ratio of 20.49, a PEG ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.52 and a quick ratio of 0.45. BJ’s Restaurants has a 52 week low of $43.96 and a 52 week high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The firm had revenue of $290.55 million for the quarter, compared to analyst estimates of $289.49 million. BJ’s Restaurants had a return on equity of 16.97% and a net margin of 4.55%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that BJ’s Restaurants will post 2.15 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in BJ’s Restaurants during the first quarter worth about $34,000. Somerset Trust Co grew its position in BJ’s Restaurants by 133.1% during the first quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock worth $38,000 after buying an additional 454 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in BJ’s Restaurants during the fourth quarter worth about $72,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BJ’s Restaurants by 29.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock worth $80,000 after buying an additional 357 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in BJ’s Restaurants by 386.3% during the fourth quarter. LS Investment Advisors LLC now owns 3,185 shares of the restaurant operator’s stock worth $161,000 after buying an additional 2,530 shares in the last quarter.

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 2, 2019, the company owned and operated 202 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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