BidaskClub upgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from a sell rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

Other analysts also recently issued reports about the company. Wedbush restated an outperform rating and issued a $79.00 price objective on shares of Aimmune Therapeutics in a research report on Thursday, June 6th. Zacks Investment Research lowered GreenTree Hospitality Group from a buy rating to a hold rating in a research note on Monday, May 20th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a hold rating in a research note on Friday, June 28th. Maxim Group began coverage on South Jersey Industries in a research note on Tuesday, April 16th. They set a buy rating and a $40.00 price target for the company. Finally, CIBC increased their target price on TMAC Resources from C$5.50 to C$6.00 in a research note on Friday, June 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $60.92.

BJRI opened at $42.04 on Tuesday. The firm has a market capitalization of $876.02 million, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39. The stock’s 50 day moving average price is $43.11. BJ’s Restaurants has a 52 week low of $40.49 and a 52 week high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $290.55 million for the quarter, compared to analyst estimates of $289.49 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. BJ’s Restaurants’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts predict that BJ’s Restaurants will post 2.24 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of BJRI. FNY Investment Advisers LLC acquired a new stake in BJ’s Restaurants during the first quarter valued at approximately $34,000. Somerset Trust Co raised its position in shares of BJ’s Restaurants by 133.1% during the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 454 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of BJ’s Restaurants during the 1st quarter valued at $130,000. PNC Financial Services Group Inc. raised its position in shares of BJ’s Restaurants by 80.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the restaurant operator’s stock valued at $166,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of BJ’s Restaurants in the 4th quarter valued at $186,000.

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.

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

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