Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI) have been given an average recommendation of "Hold" by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.53.
A number of brokerages recently commented on BJRI. BidaskClub upgraded BJ's Restaurants from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 9th. Barclays upped their price target on BJ's Restaurants from $16.00 to $18.00 and gave the company an "underweight" rating in a research report on Friday, July 24th. Piper Sandler upped their price target on BJ's Restaurants from $28.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday. Deutsche Bank reiterated a "hold" rating and issued a $27.00 price target on shares of BJ's Restaurants in a research report on Friday, June 26th. Finally, CL King upped their price target on BJ's Restaurants from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, June 17th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in shares of BJ's Restaurants by 5.2% during the first quarter. Thrivent Financial for Lutherans now owns 16,060 shares of the restaurant operator's stock valued at $223,000 after acquiring an additional 801 shares during the period. AdvisorShares Investments LLC lifted its stake in shares of BJ's Restaurants by 8.7% during the second quarter. AdvisorShares Investments LLC now owns 11,709 shares of the restaurant operator's stock valued at $245,000 after acquiring an additional 936 shares during the period. Texas Permanent School Fund lifted its stake in shares of BJ's Restaurants by 8.1% during the second quarter. Texas Permanent School Fund now owns 17,588 shares of the restaurant operator's stock valued at $368,000 after acquiring an additional 1,320 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of BJ's Restaurants by 18.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 9,047 shares of the restaurant operator's stock valued at $189,000 after acquiring an additional 1,400 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of BJ's Restaurants by 966.0% during the second quarter. Bank of Montreal Can now owns 2,196 shares of the restaurant operator's stock valued at $37,000 after acquiring an additional 1,990 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ BJRI traded down $0.49 during trading hours on Wednesday, reaching $36.53. The stock had a trading volume of 8,609 shares, compared to its average volume of 490,579. The business's fifty day moving average is $27.41 and its two-hundred day moving average is $21.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $824.81 million, a price-to-earnings ratio of -54.76 and a beta of 2.07. BJ's Restaurants has a twelve month low of $6.01 and a twelve month high of $44.47.
BJ's Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 23rd. The restaurant operator reported ($0.99) EPS for the quarter, beating analysts' consensus estimates of ($1.81) by $0.82. The business had revenue of $128.02 million during the quarter, compared to analyst estimates of $126.38 million. BJ's Restaurants had a negative return on equity of 2.98% and a negative net margin of 1.58%. Sell-side analysts forecast that BJ's Restaurants will post -1.88 earnings per share for the current fiscal year.
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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