BJ’s Restaurants (NASDAQ:BJRI) Downgraded by Oppenheimer to Market Perform

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Oppenheimer cut shares of BJ’s Restaurants (NASDAQ:BJRI) from an outperform rating to a market perform rating in a research note issued to investors on Friday morning.

A number of other research firms have also recently commented on BJRI. BidaskClub raised BJ’s Restaurants from a strong sell rating to a sell rating in a research note on Thursday, April 4th. Zacks Investment Research raised BJ’s Restaurants from a sell rating to a hold rating in a research note on Thursday, April 25th. Maxim Group reissued a buy rating and issued a $72.00 target price on shares of BJ’s Restaurants in a research note on Tuesday, April 16th. ValuEngine cut BJ’s Restaurants from a buy rating to a hold rating in a research report on Monday, February 25th. Finally, Stephens dropped 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 report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $61.75.

NASDAQ BJRI opened at $42.64 on Friday. BJ’s Restaurants has a 12 month low of $40.64 and a 12 month high of $76.50. The stock has a market capitalization of $878.51 million, a PE ratio of 18.14, a P/E/G ratio of 1.30 and a beta of 0.92. The business has a fifty day moving average of $46.14. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The firm had revenue of $290.55 million for the quarter, compared to analysts’ expectations of $289.49 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that BJ’s Restaurants will post 2.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. BJ’s Restaurants’s dividend payout ratio (DPR) is presently 20.43%.

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its position in BJ’s Restaurants by 21.7% in the fourth quarter. Squarepoint Ops LLC now owns 54,977 shares of the restaurant operator’s stock worth $2,780,000 after purchasing an additional 9,805 shares during the last quarter. Victory Capital Management Inc. boosted its position in BJ’s Restaurants by 36.2% in the first quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock worth $339,000 after purchasing an additional 1,905 shares during the last quarter. Wakefield Asset Management LLLP boosted its position in BJ’s Restaurants by 83.0% in the fourth quarter. Wakefield Asset Management LLLP now owns 7,495 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 3,399 shares during the last quarter. Deutsche Bank AG boosted its position in BJ’s Restaurants by 106.3% in the fourth quarter. Deutsche Bank AG now owns 432,025 shares of the restaurant operator’s stock worth $21,845,000 after purchasing an additional 222,579 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in BJ’s Restaurants by 16.4% in the fourth quarter. Geode Capital Management LLC now owns 240,044 shares of the restaurant operator’s stock worth $12,139,000 after purchasing an additional 33,908 shares during 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 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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