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 published on Tuesday, BidAskClub reports.

A number of other analysts also recently commented on the stock. Wells Fargo & Co boosted their price objective on shares of BJ’s Restaurants from $44.00 to $52.00 and gave the stock a market perform rating in a report on Monday, July 15th. Stephens decreased their price objective on shares of BJ’s Restaurants from $70.00 to $50.00 and set an overweight rating on the stock in a report on Friday, July 26th. Oppenheimer decreased their price objective on shares of BJ’s Restaurants from $52.00 to $50.00 and set an outperform rating on the stock in a report on Friday, July 26th. ValuEngine raised shares of BJ’s Restaurants from a sell rating to a hold rating in a report on Tuesday, September 10th. Finally, Deutsche Bank began coverage on shares of BJ’s Restaurants in a report on Friday, June 28th. They set a buy rating and a $51.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. BJ’s Restaurants has a consensus rating of Hold and an average price target of $50.67.

BJRI stock opened at $35.77 on Tuesday. The company has a market cap of $731.89 million, a P/E ratio of 15.22, a P/E/G ratio of 1.38 and a beta of 0.88. BJ’s Restaurants has a 52 week low of $32.62 and a 52 week high of $72.98. The company’s 50-day moving average price is $37.11 and its 200 day moving average price is $43.16. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 1.68.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $301.09 million for the quarter, compared to analysts’ expectations of $300.35 million. BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities research analysts expect that BJ’s Restaurants will post 1.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, August 9th. BJ’s Restaurants’s payout ratio is currently 20.43%.

In other news, CEO Greg Trojan acquired 14,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $32.92 per share, with a total value of $474,048.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald W. Deitchle acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $33.81 per share, with a total value of $101,430.00. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. raised its position in shares of BJ’s Restaurants by 4.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 5,301 shares of the restaurant operator’s stock valued at $251,000 after buying an additional 245 shares during the last quarter. Comerica Bank raised its position in shares of BJ’s Restaurants by 1.6% in the second quarter. Comerica Bank now owns 18,169 shares of the restaurant operator’s stock valued at $748,000 after buying an additional 293 shares during the last quarter. Texas Permanent School Fund raised its position in shares of BJ’s Restaurants by 2.7% in the first quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock valued at $677,000 after buying an additional 379 shares during the last quarter. Swiss National Bank raised its position in shares of BJ’s Restaurants by 1.0% in the second quarter. Swiss National Bank now owns 39,200 shares of the restaurant operator’s stock valued at $1,722,000 after buying an additional 400 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of BJ’s Restaurants by 1.0% in the first quarter. Rhumbline Advisers now owns 60,081 shares of the restaurant operator’s stock valued at $2,841,000 after buying an additional 572 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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