BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Piper Sandler lifted their FY2021 earnings estimates for 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 per share of $0.78 for the year, up from their previous forecast of $0.65. Piper Sandler has a “Overweight” rating and a $39.00 price objective on the stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q4 2021 earnings at $0.44 EPS.
BJRI has been the topic of a number of other reports. Oppenheimer restated a “buy” rating and set a $25.00 price objective on shares of BJ’s Restaurants in a research note on Friday, June 12th. Loop Capital cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $21.00 in a research note on Thursday, July 16th. Morgan Stanley lifted their price objective on shares of BJ’s Restaurants from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. CL King boosted their price target on shares of BJ’s Restaurants from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $27.00 price target on shares of BJ’s Restaurants in a research report on Friday, June 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $29.53.
Shares of NASDAQ BJRI opened at $36.19 on Tuesday. BJ’s Restaurants has a fifty-two week low of $6.01 and a fifty-two week high of $44.47. The firm’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $21.67. 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 stock has a market cap of $806.31 million, a P/E ratio of -54.01 and a beta of 2.07.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 23rd. The restaurant operator reported ($0.99) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.82. BJ’s Restaurants had a negative net margin of 1.58% and a negative return on equity of 2.98%. The business had revenue of $128.02 million for the quarter, compared to analysts’ expectations of $126.38 million.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in BJ’s Restaurants by 966.0% in the 2nd quarter. Bank of Montreal Can now owns 2,196 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 1,990 shares in the last quarter. Evoke Wealth LLC purchased a new position in BJ’s Restaurants in the 2nd quarter worth about $147,000. BNP Paribas Arbitrage SA increased its stake in BJ’s Restaurants by 39.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,995 shares of the restaurant operator’s stock worth $111,000 after purchasing an additional 2,251 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in BJ’s Restaurants by 18.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,047 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in BJ’s Restaurants in the 2nd quarter worth about $349,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
BJ’s Restaurants Company Profile
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.
Recommended Story: Diversification Important in Investing
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.