BJ’s Restaurants (NASDAQ:BJRI) Downgraded to “Sell” at ValuEngine

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ValuEngine lowered shares of BJ’s Restaurants (NASDAQ:BJRI) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. CIBC raised their price target on TMAC Resources from C$5.50 to C$6.00 in a research report on Friday, June 14th. Zacks Investment Research cut GreenTree Hospitality Group from a buy rating to a hold rating in a research report on Monday, May 20th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the company a hold rating in a research report on Friday, June 28th. Finally, Maxim Group initiated coverage on South Jersey Industries in a research report on Tuesday, April 16th. They issued a buy rating and a $40.00 price target for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $60.92.

Shares of BJRI stock opened at $41.98 on Thursday. BJ’s Restaurants has a fifty-two week low of $40.49 and a fifty-two week high of $76.50. The stock has a market capitalization of $870.41 million, a PE ratio of 18.33, a P/E/G ratio of 1.29 and a beta of 0.89. The firm has a fifty day moving average price of $43.02. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 1.66.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, beating 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 business had revenue of $290.55 million during the quarter, compared to analysts’ expectations of $289.49 million. During the same quarter last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that BJ’s Restaurants will post 2.24 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in BJ’s Restaurants in the 1st quarter worth about $34,000. Somerset Trust Co boosted its stake in BJ’s Restaurants by 133.1% in the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock worth $38,000 after buying an additional 454 shares during the last quarter. Pearl River Capital LLC acquired a new stake in BJ’s Restaurants in the 1st quarter worth about $130,000. PNC Financial Services Group Inc. boosted its stake in BJ’s Restaurants by 80.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the restaurant operator’s stock worth $166,000 after buying an additional 1,460 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in BJ’s Restaurants in the 4th quarter worth about $207,000.

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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