BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Piper Sandler raised their FY2021 EPS estimates for shares of BJ’s Restaurants in a research report issued on Sunday, September 13th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will post earnings of $0.78 per share for the year, up from their previous estimate of $0.65. Piper Sandler currently has a “Overweight” rating and a $39.00 target price on the stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q4 2021 earnings at $0.44 EPS.
Other equities analysts also recently issued research reports about the company. Barclays upped their price objective on BJ’s Restaurants from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Morgan Stanley increased their target price on BJ’s Restaurants from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Stephens increased their target price on 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. Wedbush increased their target price on BJ’s Restaurants from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, BidaskClub upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $29.53.
BJ’s Restaurants stock opened at $36.19 on Tuesday. BJ’s Restaurants has a 12 month low of $6.01 and a 12 month high of $44.47. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.53. The business’s 50 day simple moving average is $27.76 and its 200 day simple moving average is $21.67. The company has a market cap of $806.31 million, a price-to-earnings ratio of -54.01 and a beta of 2.07.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 23rd. The restaurant operator reported ($0.99) EPS for the quarter, beating the consensus estimate of ($1.81) by $0.82. 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 $128.02 million for the quarter, compared to the consensus estimate of $126.38 million.
Several hedge funds have recently modified their holdings of BJRI. Bank of Montreal Can raised its position in shares of BJ’s Restaurants by 966.0% in the second quarter. Bank of Montreal Can now owns 2,196 shares of the restaurant operator’s stock worth $37,000 after buying an additional 1,990 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in BJ’s Restaurants by 39.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,995 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 2,251 shares during the last quarter. Evoke Wealth LLC bought a new position in BJ’s Restaurants in the second quarter valued at $147,000. Oregon Public Employees Retirement Fund increased its stake in BJ’s Restaurants by 18.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,047 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 1,400 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in BJ’s Restaurants in the first quarter valued at $204,000. Institutional investors own 89.66% of the company’s stock.
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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