BJ’s Restaurants (NASDAQ:BJRI) Upgraded to “Hold” at BidaskClub

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BJ’s Restaurants (NASDAQ:BJRI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank initiated coverage on shares of BJ’s Restaurants in a report on Friday, June 28th. They set a “buy” rating and a $51.00 price objective for the company. Wedbush decreased their price objective on shares of BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Loop Capital decreased their price objective on shares of BJ’s Restaurants from $60.00 to $45.00 and set a “buy” rating for the company in a report on Friday, July 26th. ValuEngine upgraded shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Oppenheimer decreased their price objective on shares of BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.67.

Shares of NASDAQ BJRI opened at $38.04 on Tuesday. The stock has a market cap of $816.40 million, a P/E ratio of 16.19, a P/E/G ratio of 1.41 and a beta of 0.88. The firm has a 50 day moving average price of $37.25 and a 200 day moving average price of $43.27. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.30 and a current ratio of 0.37. BJ’s Restaurants has a 52-week low of $32.62 and a 52-week high of $74.20.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.06). The firm had revenue of $301.09 million for the quarter, compared to analyst estimates of $300.35 million. BJ’s Restaurants had a net margin of 4.05% and a return on equity of 14.63%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. Analysts predict that BJ’s Restaurants will post 1.95 earnings per share for the current fiscal year.

In related news, Director Gerald W. Deitchle purchased 3,000 shares of BJ’s Restaurants stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $33.81 per share, for a total transaction of $101,430.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Greg Trojan purchased 14,400 shares of BJ’s Restaurants stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $32.92 per share, with a total value of $474,048.00. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC acquired a new position in shares of BJ’s Restaurants in the second quarter valued at approximately $135,000. Quantitative Systematic Strategies LLC acquired a new position in shares of BJ’s Restaurants in the second quarter valued at approximately $203,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of BJ’s Restaurants in the first quarter valued at approximately $215,000. Piedmont Investment Advisors Inc. boosted its holdings in shares of BJ’s Restaurants by 4.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 5,301 shares of the restaurant operator’s stock valued at $251,000 after buying an additional 245 shares during the period. Finally, Menta Capital LLC acquired a new position in shares of BJ’s Restaurants in the second quarter valued at approximately $268,000.

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 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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