BJ’s Restaurants, Inc. (BJRI) Earns Hold Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in a research report released on Monday, MarketBeat.com reports. The brokerage issued a hold rating and a $32.00 price target on the restaurant operator’s stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Group LLC reiterated a hold rating and set a $39.00 price target on shares of BJ’s Restaurants in a report on Thursday, August 31st. Barclays PLC lowered their price target on BJ’s Restaurants from $38.00 to $36.00 and set an underweight rating for the company in a report on Wednesday, July 19th. Canaccord Genuity upgraded BJ’s Restaurants from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Friday, July 14th. TheStreet cut BJ’s Restaurants from a b rating to a c+ rating in a report on Friday, July 7th. Finally, Robert W. Baird reiterated a hold rating and set a $36.00 price target on shares of BJ’s Restaurants in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $39.22.

BJ’s Restaurants (NASDAQ:BJRI) opened at 30.10 on Monday. The stock has a market capitalization of $645.52 million, a price-to-earnings ratio of 17.74 and a beta of 1.07. BJ’s Restaurants has a 1-year low of $28.00 and a 1-year high of $47.55. The firm’s 50-day moving average is $30.27 and its 200 day moving average is $37.37.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The business had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities analysts anticipate that BJ’s Restaurants will post $1.61 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC boosted its holdings in BJ’s Restaurants by 0.6% during the 1st quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock valued at $171,000 after acquiring an additional 24 shares during the period. Aperio Group LLC boosted its holdings in BJ’s Restaurants by 0.7% during the 2nd quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock valued at $246,000 after acquiring an additional 45 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in BJ’s Restaurants by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,884 shares of the restaurant operator’s stock valued at $319,000 after acquiring an additional 93 shares during the period. Pacad Investment Ltd. boosted its holdings in BJ’s Restaurants by 1.8% during the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after acquiring an additional 100 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in BJ’s Restaurants by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,137 shares of the restaurant operator’s stock valued at $1,095,000 after acquiring an additional 172 shares during the period. Institutional investors own 99.55% of the company’s stock.

About BJ’s Restaurants

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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

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