BJ’s Restaurants’ (BJRI) Outperform Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of BJ’s Restaurants (NASDAQ:BJRI) in a report issued on Thursday morning, Benzinga reports. Wedbush currently has a $43.00 target price on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the company. Barclays lowered their target price on BJ’s Restaurants from $36.00 to $35.00 and set an underweight rating for the company in a report on Friday, July 26th. Benchmark lowered shares of BJ’s Restaurants from a buy rating to a hold rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $38.63.

BJ’s Restaurants Trading Down 1.5 %

BJRI opened at $30.63 on Thursday. BJ’s Restaurants has a twelve month low of $21.64 and a twelve month high of $38.87. The company has a fifty day moving average of $33.06 and a 200-day moving average of $34.11. The stock has a market cap of $716.13 million, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.54 and a beta of 2.13. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The business had revenue of $349.93 million for the quarter, compared to analysts’ expectations of $349.18 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts predict that BJ’s Restaurants will post 1.42 EPS for the current year.

Institutional Investors Weigh In On BJ’s Restaurants

A number of institutional investors and hedge funds have recently made changes to their positions in BJRI. Meeder Asset Management Inc. bought a new stake in BJ’s Restaurants during the 2nd quarter worth approximately $40,000. EntryPoint Capital LLC bought a new position in shares of BJ’s Restaurants in the first quarter valued at approximately $45,000. Quadrant Capital Group LLC boosted its position in shares of BJ’s Restaurants by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 743 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in BJ’s Restaurants during the second quarter worth $57,000. Finally, Headlands Technologies LLC raised its position in BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,328 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.