BJ's Restaurants (NASDAQ:BJRI) PT Raised to $40.00 at Deutsche Bank Aktiengesellschaft

BJ's Restaurants (NASDAQ:BJRI) had its price objective increased by Deutsche Bank Aktiengesellschaft from $28.00 to $40.00 in a research report sent to investors on Friday morning, The Fly reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other brokerages also recently weighed in on BJRI. Wedbush lifted their target price on shares of BJ's Restaurants from $34.00 to $39.00 and gave the company an outperform rating in a report on Monday, October 19th. Stephens boosted their target price on shares of BJ's Restaurants from $20.00 to $23.00 and gave the stock an equal weight rating in a research report on Friday, July 24th. Loop Capital cut shares of BJ's Restaurants from a buy rating to a hold rating and lowered their price target for the stock from $30.00 to $21.00 in a research note on Thursday, July 16th. Piper Sandler boosted their price objective on shares of BJ's Restaurants from $28.00 to $39.00 and gave the stock an overweight rating in a report on Monday, September 14th. Finally, Wells Fargo & Company increased their target price on shares of BJ's Restaurants from $23.00 to $29.00 and gave the company an equal weight rating in a report on Tuesday, October 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. BJ's Restaurants has a consensus rating of Hold and a consensus price target of $30.71.

BJRI opened at $30.55 on Friday. BJ's Restaurants has a 52 week low of $6.01 and a 52 week high of $44.47. The business has a 50 day moving average price of $32.59 and a two-hundred day moving average price of $24.27. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.53. The company has a market cap of $680.65 million, a PE ratio of -26.56 and a beta of 2.08.

BJ's Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, October 22nd. The restaurant operator reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.70) by $0.26. BJ's Restaurants had a negative return on equity of 2.98% and a negative net margin of 1.58%. The business had revenue of $198.89 million during the quarter, compared to analysts’ expectations of $180.11 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. As a group, sell-side analysts expect that BJ's Restaurants will post -1.95 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of BJ's Restaurants during the 1st quarter worth about $4,737,000. Vanguard Group Inc. grew its stake in BJ's Restaurants by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,216,746 shares of the restaurant operator’s stock worth $46,419,000 after acquiring an additional 161,613 shares during the period. Acuitas Investments LLC acquired a new position in BJ's Restaurants in the 2nd quarter valued at $2,480,000. EAM Investors LLC purchased a new position in shares of BJ's Restaurants during the 2nd quarter worth $1,980,000. Finally, RK Capital Management LLC purchased a new position in shares of BJ's Restaurants during the 2nd quarter worth $1,883,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

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 6, 2020, the company operated 209 restaurants. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.

Featured Article: dividend yield calculator

The Fly

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.