BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Piper Sandler reduced their Q1 2020 EPS estimates for BJ’s Restaurants in a research note issued to investors on Thursday, February 20th. Piper Sandler analyst N. Regan now anticipates that the restaurant operator will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.62. Piper Sandler also issued estimates for BJ’s Restaurants’ Q2 2020 earnings at $0.66 EPS, Q4 2020 earnings at $0.47 EPS, FY2020 earnings at $1.75 EPS, Q1 2021 earnings at $0.68 EPS, Q3 2021 earnings at $0.10 EPS and FY2021 earnings at $2.12 EPS.
Several other equities research analysts have also issued reports on BJRI. CL King assumed coverage on shares of BJ’s Restaurants in a report on Monday, December 16th. They issued a “buy” rating and a $46.00 price target on the stock. Morgan Stanley boosted their price target on shares of BJ’s Restaurants from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating and set a $40.00 price target on the stock. in a report on Friday, January 3rd. TheStreet raised shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a report on Thursday. Finally, Stifel Nicolaus downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. BJ’s Restaurants has an average rating of “Hold” and a consensus price target of $44.50.Shares of BJRI stock opened at $38.82 on Monday. BJ’s Restaurants has a 1 year low of $32.62 and a 1 year high of $53.00. The firm’s fifty day simple moving average is $40.33 and its 200 day simple moving average is $38.49. The firm has a market capitalization of $837.60 million, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 2.08.
In other news, insider Brian S. Krakower sold 1,536 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.82, for a total value of $58,091.52. The sale was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BJRI. Rhumbline Advisers increased its stake in BJ’s Restaurants by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 61,755 shares of the restaurant operator’s stock worth $2,399,000 after purchasing an additional 383 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of BJ’s Restaurants by 2.1% during the 4th quarter. Prudential Financial Inc. now owns 43,465 shares of the restaurant operator’s stock worth $1,650,000 after acquiring an additional 891 shares in the last quarter. UBS Group AG grew its stake in shares of BJ’s Restaurants by 1.7% during the 4th quarter. UBS Group AG now owns 64,458 shares of the restaurant operator’s stock worth $2,446,000 after acquiring an additional 1,065 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of BJ’s Restaurants by 9.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,092 shares of the restaurant operator’s stock worth $586,000 after acquiring an additional 1,265 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of BJ’s Restaurants by 10.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 16,281 shares of the restaurant operator’s stock worth $618,000 after acquiring an additional 1,589 shares in the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.
About BJ’s Restaurants
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.
