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QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.34 (-1.78%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
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GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.59 (-0.56%)
BAC   23.38 (+0.52%)
BA   145.98 (-3.44%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.34 (-1.78%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.04 (+0.61%)
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ACB   5.22 (+0.97%)
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S&P 500   3,246.59 (+0.30%)
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QQQ   265.53 (+0.52%)
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MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
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NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.34 (-1.78%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.04 (+0.61%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
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DIS   122.59 (-0.56%)
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BJ's Restaurants, Inc. (NASDAQ:BJRI) Given Consensus Recommendation of "Hold" by Brokerages

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

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.

Further Reading: How to read a candlestick chart

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Housing Sector Stocks That May Be Ready to Explode

In one of the strongest economies our nation has ever known, housing stocks should have been going through the roof. But it took the Federal Reserve practically giving money away for homebuyers to get their appetite back.

And then even with mortgage rates at historical lows, the novel coronavirus came on the scene and ruined the party again. Home buying and home building came to a halt. Some of which was simply due to the fact that Americans were staying inside.

One of the closely watched indicators of the health of the housing market is the National Association of Home Builders (NAHB) Housing Market Index (HMI). In March, prior to the national mitigation efforts, the HMI had climbed to 72. For reference purposes, a neutral reading is 50.

Although not unexpected, April showed just how far demand had fallen. The HMI plunged 42 points to 30. Things got slightly better in May as the index climbed to 37.

But that may be changing. In June, the HMI posted a better than expected 56.8%. After hitting 37 in May, this marked the Index’s largest monthly gain ever. And not surprisingly some lagging housing stocks got a much-needed jump start. Homebuilder stocks in particular have been on the rise in recent months.

To help you capitalize on what looks like an emerging trend for the rest of the year, we’ve put together this special presentation.

View the "7 Housing Sector Stocks That May Be Ready to Explode".

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