BJ’s Restaurants, Inc. (BJRI) Receives New Coverage from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued a hold rating and a $32.00 price objective on the restaurant operator’s stock.

A number of other research firms have also recently commented on BJRI. Piper Jaffray Companies reissued a hold rating and set a $44.00 price target on shares of BJ’s Restaurants in a report on Friday, July 14th. Canaccord Genuity raised BJ’s Restaurants from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Friday, July 14th. BidaskClub cut BJ’s Restaurants from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Zacks Investment Research cut BJ’s Restaurants from a hold rating to a sell rating in a report on Monday, July 31st. Finally, Morgan Stanley reissued an equal weight rating and set a $41.00 price target (down from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. BJ’s Restaurants presently has a consensus rating of Hold and an average price target of $39.22.

BJ’s Restaurants (BJRI) traded up 0.33% during trading on Monday, reaching $30.50. The company had a trading volume of 16,207 shares. The firm’s 50-day moving average price is $30.19 and its 200 day moving average price is $37.32. The firm has a market capitalization of $654.10 million, a P/E ratio of 17.97 and a beta of 1.07. BJ’s Restaurants has a one year low of $28.00 and a one year high of $47.55.

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

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Several hedge funds have recently modified their holdings of BJRI. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of BJ’s Restaurants in the first quarter worth about $102,000. State of Alaska Department of Revenue increased its holdings in shares of BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 1,557 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of BJ’s Restaurants by 38.2% in the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock worth $151,000 after purchasing an additional 1,033 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of BJ’s Restaurants by 0.6% in the first quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 24 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of BJ’s Restaurants by 20.8% in the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 877 shares during the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

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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