BJ’s Restaurants, Inc. (BJRI) Receives Average Recommendation of “Hold” from Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $63.57.

BJRI has been the subject of a number of recent analyst reports. BidaskClub upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. Maxim Group reaffirmed a “buy” rating and issued a $72.00 target price on shares of BJ’s Restaurants in a report on Tuesday, April 16th. Stephens reduced their target price on BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating on the stock in a report on Friday, February 22nd. Finally, ValuEngine downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Monday, February 25th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new stake in shares of BJ’s Restaurants during the 1st quarter valued at $34,000. Somerset Trust Co boosted its holdings in shares of BJ’s Restaurants by 133.1% during the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 454 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of BJ’s Restaurants during the 4th quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BJ’s Restaurants by 29.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 357 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of BJ’s Restaurants during the 1st quarter valued at $130,000.

BJ’s Restaurants stock traded up $0.73 on Friday, reaching $52.83. The company’s stock had a trading volume of 862,370 shares, compared to its average volume of 559,678. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.45 and a current ratio of 0.52. The firm has a market cap of $1.10 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.64 and a beta of 0.82. BJ’s Restaurants has a twelve month low of $43.96 and a twelve month high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company 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 15.86% and a net margin of 4.34%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, equities research analysts predict that BJ’s Restaurants will post 2.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, May 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is 20.43%.

BJ’s Restaurants Company Profile

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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