Brokerages Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) Price Target at $40.40

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.40.

BJRI has been the subject of several recent analyst reports. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Barclays upped their price objective on BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Finally, Wedbush upped their target price on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds have recently made changes to their positions in the business. Quarry LP raised its position in shares of BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 719 shares during the period. US Bancorp DE boosted its holdings in shares of BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 906 shares during the period. Headlands Technologies LLC acquired a new stake in shares of BJ’s Restaurants during the 4th quarter valued at $108,000. Arizona State Retirement System purchased a new position in BJ’s Restaurants in the fourth quarter valued at about $200,000. Finally, Two Sigma Securities LLC bought a new stake in shares of BJ’s Restaurants in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $36.48 on Friday. The stock has a fifty day moving average price of $35.84 and a 200 day moving average price of $34.67. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $41.72. The firm has a market capitalization of $828.75 million, a P/E ratio of 53.65, a PEG ratio of 1.81 and a beta of 2.11. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. BJ’s Restaurants had a return on equity of 8.76% and a net margin of 1.23%. Equities research analysts anticipate that BJ’s Restaurants will post 1.5 earnings per share for the current year.

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.