BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives Consensus Rating of “Hold” from Analysts

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.63.

A number of equities research analysts have weighed in on the stock. Barclays lowered their price target on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 26th.

Hedge Funds Weigh In On BJ’s Restaurants

Several large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of BJ’s Restaurants in the second quarter worth $40,000. EntryPoint Capital LLC bought a new position in BJ’s Restaurants in the 1st quarter worth $45,000. Quadrant Capital Group LLC increased its stake in BJ’s Restaurants by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock worth $46,000 after buying an additional 743 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in BJ’s Restaurants during the second quarter valued at about $57,000. Finally, Headlands Technologies LLC lifted its position in shares of BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Down 1.1 %

BJRI stock opened at $28.81 on Monday. BJ’s Restaurants has a twelve month low of $21.64 and a twelve month high of $38.87. The business has a 50 day moving average of $33.69 and a 200 day moving average of $34.41. The firm has a market cap of $673.66 million, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13. The company has a quick ratio of 0.28, a current ratio of 0.03 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The firm had revenue of $349.93 million during the quarter, compared to analyst estimates of $349.18 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. On average, research analysts forecast that BJ’s Restaurants will post 1.41 EPS for the current fiscal year.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.