BJ’s Restaurants (NASDAQ:BJRI) Earns Buy Rating from Wedbush

BJ’s Restaurants (NASDAQ:BJRI)‘s stock had its “buy” rating restated by investment analysts at Wedbush in a report issued on Thursday, June 6th, AnalystRatings.com reports. They currently have a $60.00 target price on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 39.63% from the stock’s current price.

A number of other equities analysts also recently issued reports on BJRI. BidaskClub raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Maxim Group reaffirmed a “buy” rating and set a $72.00 target price on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. ValuEngine lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Stephens dropped their target price on BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating on the stock in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $60.92.

NASDAQ BJRI traded down $0.97 during trading hours on Thursday, hitting $42.97. 433,641 shares of the company were exchanged, compared to its average volume of 528,623. The company’s 50 day simple moving average is $43.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39. BJ’s Restaurants has a 52-week low of $40.49 and a 52-week high of $76.50. The firm has a market capitalization of $890.94 million, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

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

A number of large investors have recently made changes to their positions in BJRI. Squarepoint Ops LLC grew its holdings in shares of BJ’s Restaurants by 21.7% during the 4th quarter. Squarepoint Ops LLC now owns 54,977 shares of the restaurant operator’s stock valued at $2,780,000 after acquiring an additional 9,805 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of BJ’s Restaurants by 36.2% in the 1st quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 1,905 shares in the last quarter. Wakefield Asset Management LLLP increased its position in shares of BJ’s Restaurants by 83.0% in the 4th quarter. Wakefield Asset Management LLLP now owns 7,495 shares of the restaurant operator’s stock valued at $379,000 after buying an additional 3,399 shares in the last quarter. Deutsche Bank AG increased its position in shares of BJ’s Restaurants by 106.3% in the 4th quarter. Deutsche Bank AG now owns 432,025 shares of the restaurant operator’s stock valued at $21,845,000 after buying an additional 222,579 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of BJ’s Restaurants by 16.4% in the 4th quarter. Geode Capital Management LLC now owns 240,044 shares of the restaurant operator’s stock valued at $12,139,000 after buying an additional 33,908 shares in 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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