BJ’s Restaurants, Inc. (BJRI) Given Average Recommendation of “Hold” by Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.00.

Several analysts have commented on BJRI shares. Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Robert W. Baird reaffirmed a “hold” rating and issued a $36.00 target price on shares of BJ’s Restaurants in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $39.00 target price on shares of BJ’s Restaurants in a research note on Thursday, August 31st. TheStreet cut shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Finally, BidaskClub cut shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th.

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BJ’s Restaurants (NASDAQ BJRI) traded up 2.64% on Tuesday, reaching $29.15. The company had a trading volume of 311,125 shares. The stock has a 50 day moving average price of $32.28 and a 200 day moving average price of $38.36. BJ’s Restaurants has a 52-week low of $28.00 and a 52-week high of $47.55. The stock has a market capitalization of $625.15 million, a PE ratio of 17.18 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. Analysts expect that BJ’s Restaurants will post $1.62 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. boosted its holdings in shares of BJ’s Restaurants by 23.0% in the 1st quarter. OppenheimerFunds Inc. now owns 19,312 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 3,606 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of BJ’s Restaurants by 101.8% in the 1st quarter. Prudential Financial Inc. now owns 121,763 shares of the restaurant operator’s stock valued at $4,919,000 after purchasing an additional 61,430 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of BJ’s Restaurants by 18.9% in the 1st quarter. Great Lakes Advisors LLC now owns 17,628 shares of the restaurant operator’s stock valued at $712,000 after purchasing an additional 2,804 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BJ’s Restaurants by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock valued at $11,181,000 after purchasing an additional 1,982 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of BJ’s Restaurants by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 98,635 shares of the restaurant operator’s stock valued at $3,986,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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

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