BJ’s Restaurants (NASDAQ:BJRI) Upgraded to “Outperform” by Oppenheimer

BJ’s Restaurants (NASDAQ:BJRI) was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Friday, Briefing.com Automated Import reports. The firm presently has a $52.00 price objective on the restaurant operator’s stock. Oppenheimer’s price objective would suggest a potential upside of 25.48% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Maxim Group reissued a “buy” rating and set a $72.00 price objective on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. Wedbush reissued a “buy” rating and set a $60.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, June 6th. BidaskClub raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, ValuEngine cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. BJ’s Restaurants has an average rating of “Hold” and an average price target of $62.64.

BJRI opened at $41.44 on Friday. The stock has a market cap of $848.24 million, a PE ratio of 17.63, a P/E/G ratio of 1.26 and a beta of 0.92. BJ’s Restaurants has a 52-week low of $40.64 and a 52-week high of $76.50. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The business had revenue of $290.55 million during the quarter, compared to analysts’ expectations of $289.49 million. During the same quarter in the previous year, the firm earned $0.70 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that BJ’s Restaurants will post 2.25 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in BJ’s Restaurants by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,268 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 205 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in BJ’s Restaurants by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,737 shares of the restaurant operator’s stock valued at $391,000 after acquiring an additional 215 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in BJ’s Restaurants by 4.5% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 5,056 shares of the restaurant operator’s stock valued at $256,000 after acquiring an additional 220 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BJ’s Restaurants by 29.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 357 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in BJ’s Restaurants by 2.7% in the 1st quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock valued at $677,000 after acquiring an additional 379 shares in the last quarter.

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.

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Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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