BJ’s Restaurants Stock Rating Reaffirmed by Wunderlich (BJRI)
BJ’s Restaurants (NASDAQ:BJRI)‘s stock had its “hold” rating restated by equities researchers at Wunderlich in a research report issued on Wednesday, American Banking News.com reports. They currently have a $32.00 price objective on the stock, down from their previous price objective of $42.00. Wunderlich’s price objective would indicate a potential upside of 11.11% from the company’s current price.
The analysts wrote, “We recently chatted with CFO Greg Levin following BJ’s (BJRI) recent investor presentation which, while including some encouraging insights to 2014′s plan, remains in the face of soft consumer spending, intense competition, and some self-inflicted new unit cannibalization. As a result, we are factoring more cautious assumptions within our 2013 projections, and believe our revised lower 2014 and 2015 projections could still vary materially. While management’s plan holds the promise to lift 2014 EPS growth following the past three years of relatively flat EPS, BJRI’s previous valuation metrics are likely to trend toward the lower end of historical ranges pending a sustained lift in operating trends. We are resetting our price target to $32 from $42 and reiterate our Hold rating.”
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down 0.34% during mid-day trading on Wednesday, hitting $28.701. 157,356 shares of the company’s stock traded hands. BJ’s Restaurants has a 1-year low of $27.75 and a 1-year high of $41.17. The stock has a 50-day moving average of $31.02 and a 200-day moving average of $34.40. The company has a market cap of $809.2 million and a price-to-earnings ratio of 27.17.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $198.50 million for the quarter, compared to the consensus estimate of $202.12 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that BJ’s Restaurants will post $1.04 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BJRI. Analysts at Zacks downgraded shares of BJ’s Restaurants from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $26.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of BJ’s Restaurants from $44.00 to $36.00 in a research note to investors on Tuesday, August 6th. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.21.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
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