BJ’s Restaurants (NASDAQ:BJRI) Stock Rating Lowered by Bida... - Jonathan Cartu Restaurant, Baking & Catering Services
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BJ’s Restaurants (NASDAQ:BJRI) Stock Rating Lowered by Bida…

BJ’s Restaurants (NASDAQ:BJRI) Stock Rating Lowered by Bida…


BJ’s Restaurants (NASDAQ:BJRI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday, May 30th, BidAskClub reports.

Several other research firms also recently issued reports on BJRI. Maxim Group restated a “buy” rating and set a $72.00 price objective (down previously from $84.00) on shares of BJ’s Restaurants in a report on Friday, February 22nd. Wells Fargo & Co dropped their price objective on shares of BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, February 14th. Stephens dropped their price objective on shares of 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. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. Finally, ValuEngine lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $61.75.

BJ’s Restaurants stock traded down $1.49 during midday trading on Thursday, reaching $42.79. The stock had a trading volume of 583,748 shares, compared to its average volume of 514,063. BJ’s Restaurants has a twelve month low of $40.49 and a twelve month high of $76.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39. The firm has a market capitalization of $887.04 million, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.36 and a beta of 0.92.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $290.55 million during the quarter, compared to analyst estimates of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Equities analysts forecast that BJ’s Restaurants will post 2.24 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC raised its stake in shares of BJ’s Restaurants by 21.7% during the fourth quarter. Squarepoint Ops LLC now owns 54,977 shares of the restaurant operator’s stock worth $2,780,000 after buying an additional 9,805 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of BJ’s Restaurants by 36.2% during the first quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock worth $339,000 after buying an additional 1,905 shares during the last quarter. Bridge City Capital LLC raised its stake in shares of BJ’s Restaurants by 12.1% during the fourth quarter. Bridge City Capital LLC now owns 33,559 shares of the restaurant operator’s stock worth $1,697,000 after buying an additional 3,627 shares during the last quarter. Wakefield Asset Management LLLP raised its stake in shares of BJ’s Restaurants by 83.0% during the fourth quarter. Wakefield Asset Management LLLP now owns 7,495 shares of the restaurant operator’s stock worth $379,000 after buying an additional 3,399 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of BJ’s Restaurants by 106.3% during the fourth quarter. Deutsche Bank AG now owns 432,025 shares of the restaurant operator’s stock worth $21,845,000 after buying an additional 222,579 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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Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)



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