Robert W. Baird Reiterates Hold Rating for BJ’s Restaurants, Inc. (BJRI)
BJ’s Restaurants, Inc. (NASDAQ:BJRI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Robert W. Baird in a note issued to investors on Thursday. They currently have a $36.00 price objective on the restaurant operator’s stock. Robert W. Baird’s target price suggests a potential upside of 19.21% from the stock’s current price.
Other analysts have also issued research reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a $42.00 price target on shares of BJ’s Restaurants in a report on Friday, July 28th. TheStreet lowered BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a report on Friday, July 14th. Finally, Stifel Nicolaus began coverage on BJ’s Restaurants in a report on Monday, October 2nd. They issued a “hold” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.22.
BJ’s Restaurants (NASDAQ BJRI) traded up 0.50% during midday trading on Thursday, reaching $30.35. The company’s stock had a trading volume of 94,925 shares. BJ’s Restaurants has a 12-month low of $28.00 and a 12-month high of $47.55. The company’s 50-day moving average is $29.97 and its 200 day moving average is $37.08. The firm has a market cap of $650.89 million, a price-to-earnings ratio of 17.88 and a beta of 1.07.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities analysts forecast that BJ’s Restaurants will post $1.61 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of BJ’s Restaurants by 132,808.6% during the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after purchasing an additional 2,516,723 shares in the last quarter. Morgan Stanley increased its position in shares of BJ’s Restaurants by 1.5% during the fourth quarter. Morgan Stanley now owns 2,265,243 shares of the restaurant operator’s stock worth $98,471,000 after purchasing an additional 32,716 shares in the last quarter. Vanguard Group Inc. increased its position in shares of BJ’s Restaurants by 7.8% during the second quarter. Vanguard Group Inc. now owns 1,929,442 shares of the restaurant operator’s stock worth $84,567,000 after purchasing an additional 140,295 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of BJ’s Restaurants by 8.9% during the third quarter. BlackRock Fund Advisors now owns 1,464,043 shares of the restaurant operator’s stock worth $52,047,000 after purchasing an additional 119,777 shares in the last quarter. Finally, PW Partners Capital Management LLC acquired a new position in shares of BJ’s Restaurants during the fourth quarter worth $59,045,000. 99.55% of the stock is currently owned by institutional investors and hedge funds.
BJ’s Restaurants Company Profile
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.
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