BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Piper Sandler lifted their Q1 2021 earnings per share estimates for shares of BJ’s Restaurants in a report released on Sunday, September 13th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will earn ($0.01) per share for the quarter, up from their previous estimate of ($0.09). Piper Sandler currently has a “Overweight” rating and a $39.00 target price on the stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.03 EPS and FY2022 earnings at $1.36 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 23rd. The restaurant operator reported ($0.99) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.82. The firm had revenue of $128.02 million during the quarter, compared to analysts’ expectations of $126.38 million. BJ’s Restaurants had a negative return on equity of 2.98% and a negative net margin of 1.58%.

Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Wedbush increased their price target on shares of BJ’s Restaurants from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Deutsche Bank reissued a “hold” rating and set a $27.00 price target on shares of BJ’s Restaurants in a report on Friday, June 26th. Stephens upped their target price on BJ’s Restaurants from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, CL King boosted their target price on BJ’s Restaurants from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.53.

BJ’s Restaurants stock opened at $37.02 on Wednesday. The firm has a 50-day moving average of $27.41 and a two-hundred day moving average of $21.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.67. BJ’s Restaurants has a 1 year low of $6.01 and a 1 year high of $44.47. The stock has a market cap of $814.11 million, a price-to-earnings ratio of -55.25 and a beta of 2.07.

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in BJ’s Restaurants in the first quarter valued at approximately $4,737,000. Balyasny Asset Management LLC acquired a new stake in BJ’s Restaurants in the first quarter valued at approximately $2,645,000. Vanguard Group Inc. increased its position in shares of BJ’s Restaurants by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,216,746 shares of the restaurant operator’s stock valued at $46,419,000 after purchasing an additional 161,613 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BJ’s Restaurants by 812.2% in the 1st quarter. JPMorgan Chase & Co. now owns 163,040 shares of the restaurant operator’s stock valued at $2,264,000 after acquiring an additional 145,167 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of BJ’s Restaurants by 55.0% during the 1st quarter. Russell Investments Group Ltd. now owns 337,849 shares of the restaurant operator’s stock worth $4,684,000 after acquiring an additional 119,945 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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