BJ’s Restaurants (NASDAQ:BJRI) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from a sell rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also issued reports on BJRI. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a hold rating in a research report on Friday, June 28th. CIBC lifted their target price on shares of TMAC Resources from C$5.50 to C$6.00 in a research report on Friday, June 14th. Wedbush restated an outperform rating and issued a $79.00 price objective on shares of Aimmune Therapeutics in a report on Thursday, June 6th. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a buy rating to a hold rating in a report on Monday, May 20th. Finally, Oppenheimer set a $11.00 price objective on shares of ArQule and gave the stock a buy rating in a report on Friday, June 14th. Three 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 stock currently has a consensus rating of Hold and a consensus price target of $60.92.

Shares of BJ’s Restaurants stock opened at $41.98 on Tuesday. BJ’s Restaurants has a 1 year low of $40.49 and a 1 year high of $76.50. The company has a market capitalization of $871.67 million, a price-to-earnings ratio of 18.36, a PEG ratio of 1.29 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. The company’s 50 day moving average is $43.02.

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

Several institutional investors and hedge funds have recently made changes to their positions in BJRI. Oregon Public Employees Retirement Fund bought a new stake in shares of BJ’s Restaurants in the 4th quarter worth approximately $410,000. First Trust Advisors LP bought a new stake in BJ’s Restaurants during the 4th quarter valued at $3,391,000. PNC Financial Services Group Inc. raised its holdings in BJ’s Restaurants by 80.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 1,460 shares during the last quarter. BlackRock Inc. raised its holdings in BJ’s Restaurants by 3.1% during the 4th quarter. BlackRock Inc. now owns 3,211,854 shares of the restaurant operator’s stock valued at $162,424,000 after buying an additional 96,466 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in BJ’s Restaurants by 5.4% during the 4th quarter. Texas Permanent School Fund now owns 13,933 shares of the restaurant operator’s stock valued at $705,000 after buying an additional 708 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.

See Also: Intrinsic Value

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

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