08 Jul BJ’s Restaurants (NASDAQ:BJRI) Raised to “Outperform” at CI…
BJ’s Restaurants (NASDAQ:BJRI) was upgraded by stock analysts at CIBC from a “market perform” rating to an “outperform” rating in a report released on Friday, June 14th, FirstToMarketsRatingsTable reports. The firm currently has a $52.00 price objective on the restaurant operator’s stock. CIBC’s target price suggests a potential upside of 16.38% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. BidaskClub upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Wells Fargo & Co decreased their price target on BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, February 14th. Maxim Group reiterated a “buy” rating and issued a $72.00 price target (down previously from $84.00) on shares of BJ’s Restaurants in a research note on Friday, February 22nd. Stephens cut their price objective on BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating on the stock in a report on Friday, February 22nd. Finally, ValuEngine downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $60.92.
Shares of BJRI traded up $1.03 during mid-day trading on Friday, reaching $44.68. The company’s stock had a trading volume of 227,236 shares, compared to its average volume of 507,357. The stock has a market cap of $926.40 million, a PE ratio of 19.01, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 1.66. BJ’s Restaurants has a 1-year low of $40.49 and a 1-year high of $76.50. The business’s 50-day moving average price is $43.65.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The firm had revenue of $290.55 million for the quarter, compared to analyst estimates of $289.49 million. During the same quarter last year, the company earned $0.70 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that BJ’s Restaurants will post 2.24 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in BJRI. FMR LLC increased its holdings in BJ’s Restaurants by 16.2% during the 1st quarter. FMR LLC now owns 488,738 shares of the restaurant operator’s stock worth $23,107,000 after purchasing an additional 68,138 shares in the last quarter. Nordea Investment Management AB increased its holdings in BJ’s Restaurants by 7,770.3% during the 1st quarter. Nordea Investment Management AB now owns 94,443 shares of the restaurant operator’s stock worth $4,465,000 after purchasing an additional 93,243 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in BJ’s Restaurants by 117.1% during the 1st quarter. Marshall Wace North America L.P. now owns 153,781 shares of the restaurant operator’s stock worth $7,272,000 after purchasing an additional 82,936 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of BJ’s Restaurants by 141.1% in the 1st quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after buying an additional 331,443 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of BJ’s Restaurants by 67.5% in the 1st quarter. Neuberger Berman Group LLC now owns 717,915 shares of the restaurant operator’s stock worth $33,943,000 after buying an additional 289,372 shares during the last quarter.
About BJ’s Restaurants
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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