BJ’s Restaurants, Inc. (NASDAQ:BJRI) Given Average Rating of “Hold” by Brokerages

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have received an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.40.

BJRI has been the subject of several recent research reports. Wedbush raised their price objective on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Barclays lifted their price target on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Finally, Piper Sandler lifted their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On BJ’s Restaurants

Institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 719 shares during the period. US Bancorp DE boosted its position in shares of BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 906 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of BJ’s Restaurants in the 4th quarter worth about $108,000. Arizona State Retirement System acquired a new position in BJ’s Restaurants in the 4th quarter valued at $200,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of BJ’s Restaurants in the fourth quarter worth approximately $201,000. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Trading Up 0.8 %

Shares of BJRI stock opened at $37.41 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. The firm has a market cap of $853.58 million, a PE ratio of 55.01, a price-to-earnings-growth ratio of 1.81 and a beta of 2.11. The company has a 50-day moving average of $35.66 and a two-hundred day moving average of $34.38. BJ’s Restaurants has a 1-year low of $27.61 and a 1-year high of $41.72.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The business had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. On average, analysts predict that BJ’s Restaurants will post 1.5 EPS for the current 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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.