Q1 2021 EPS Estimates for BJ’s Restaurants, Inc. Lifted by Piper Sandler (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities researchers at Piper Sandler lifted their Q1 2021 earnings per share estimates for shares of BJ’s Restaurants in a research report issued on Sunday, September 13th. Piper Sandler analyst N. Regan now expects that the restaurant operator will post earnings per share of ($0.01) for the quarter, up from their previous estimate of ($0.09). Piper Sandler currently has a “Overweight” rating and a $39.00 target price on the stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.03 EPS and FY2022 earnings at $1.36 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 23rd. The restaurant operator reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.81) by $0.82. The company had revenue of $128.02 million during the quarter, compared to analyst estimates of $126.38 million. BJ’s Restaurants had a negative net margin of 1.58% and a negative return on equity of 2.98%.

Several other brokerages have also issued reports on BJRI. Stephens boosted their target price on shares of BJ’s Restaurants from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Oppenheimer restated a “buy” rating and set a $25.00 target price on shares of BJ’s Restaurants in a research report on Friday, June 12th. BidaskClub upgraded shares of BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Wedbush boosted their target price on shares of BJ’s Restaurants from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Barclays boosted their target price on shares of BJ’s Restaurants from $16.00 to $18.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.53.

Shares of NASDAQ BJRI opened at $36.19 on Wednesday. The firm has a 50 day moving average of $27.76 and a 200 day moving average of $21.67. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $806.31 million, a price-to-earnings ratio of -54.01 and a beta of 2.07. BJ’s Restaurants has a 12-month low of $6.01 and a 12-month high of $44.47.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of BJ’s Restaurants by 14.0% in the second quarter. Principal Financial Group Inc. now owns 179,519 shares of the restaurant operator’s stock worth $3,759,000 after buying an additional 22,066 shares in the last quarter. Bridgeway Capital Management Inc. lifted its holdings in shares of BJ’s Restaurants by 56.0% in the second quarter. Bridgeway Capital Management Inc. now owns 78,000 shares of the restaurant operator’s stock worth $1,633,000 after buying an additional 28,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BJ’s Restaurants by 7.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 276,551 shares of the restaurant operator’s stock valued at $5,791,000 after purchasing an additional 19,562 shares in the last quarter. AQR Capital Management LLC raised its stake in BJ’s Restaurants by 65.4% during the second quarter. AQR Capital Management LLC now owns 26,148 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 10,335 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in BJ’s Restaurants by 16.5% during the second quarter. Great West Life Assurance Co. Can now owns 27,241 shares of the restaurant operator’s stock valued at $571,000 after purchasing an additional 3,859 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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