Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $39.22.
Several research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating and set a $36.00 price target on shares of BJ’s Restaurants in a report on Thursday. Canaccord Genuity restated a “buy” rating and issued a $42.00 price objective on shares of BJ’s Restaurants in a report on Friday, October 6th. Stifel Nicolaus started coverage on shares of BJ’s Restaurants in a report on Monday, October 2nd. They issued a “hold” rating and a $32.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $39.00 price objective on shares of BJ’s Restaurants in a report on Thursday, August 31st. Finally, Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Monday, July 31st.
A number of large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in BJ’s Restaurants during the second quarter worth about $417,000. Public Employees Retirement System of Ohio increased its stake in BJ’s Restaurants by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 17,086 shares of the restaurant operator’s stock worth $636,000 after purchasing an additional 208 shares during the period. Verition Fund Management LLC purchased a new stake in BJ’s Restaurants during the second quarter worth about $667,000. Nomura Holdings Inc. purchased a new stake in BJ’s Restaurants during the second quarter worth about $745,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in BJ’s Restaurants during the second quarter worth about $1,229,000. Institutional investors own 99.55% of the company’s stock.
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Shares of BJ’s Restaurants (NASDAQ BJRI) traded up 0.33% during midday trading on Friday, hitting $30.30. 326,497 shares of the stock traded hands. The company’s 50 day moving average price is $29.97 and its 200-day moving average price is $37.08. The stock has a market cap of $649.81 million, a price-to-earnings ratio of 17.86 and a beta of 1.07. BJ’s Restaurants has a 12-month low of $28.00 and a 12-month high of $47.55.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The company had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $269.48 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that BJ’s Restaurants will post $1.61 EPS for the current year.
BJ’s Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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