BJ’s Restaurants (NASDAQ:BJRI) Coverage Initiated by Analysts at Stephens

Stephens initiated coverage on shares of BJ’s Restaurants (NASDAQ:BJRIGet Rating) in a research report sent to investors on Thursday morning, The Fly reports. The firm issued an equal weight rating on the restaurant operator’s stock.

BJRI has been the subject of a number of other research reports. Wedbush raised their price objective on shares of BJ’s Restaurants from $24.00 to $25.00 and gave the company a neutral rating in a research report on Friday, July 22nd. Barclays dropped their target price on shares of BJ’s Restaurants from $21.00 to $17.00 and set an underweight rating for the company in a report on Friday, July 22nd. Benchmark dropped their target price on shares of BJ’s Restaurants to $32.00 in a report on Friday, July 22nd. Citigroup increased their target price on shares of BJ’s Restaurants from $24.00 to $26.00 in a report on Friday, July 22nd. Finally, Piper Sandler dropped their price objective on shares of BJ’s Restaurants from $38.00 to $29.00 and set an overweight rating for the company in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $35.09.

BJ’s Restaurants Price Performance

Shares of BJRI opened at $24.89 on Thursday. BJ’s Restaurants has a fifty-two week low of $20.15 and a fifty-two week high of $47.20. The company has a market capitalization of $583.77 million, a price-to-earnings ratio of -113.14 and a beta of 1.83. The firm has a 50-day simple moving average of $25.31 and a 200-day simple moving average of $25.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.36 and a current ratio of 0.43.

BJ’s Restaurants (NASDAQ:BJRIGet Rating) last announced its earnings results on Thursday, July 21st. The restaurant operator reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.22). The business had revenue of $329.70 million for the quarter, compared to analyst estimates of $328.02 million. BJ’s Restaurants had a negative return on equity of 1.08% and a negative net margin of 0.42%. During the same quarter last year, the company posted $0.26 EPS. On average, equities research analysts anticipate that BJ’s Restaurants will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds have recently made changes to their positions in BJRI. Bank of America Corp DE boosted its holdings in shares of BJ’s Restaurants by 0.9% in the 4th quarter. Bank of America Corp DE now owns 67,594 shares of the restaurant operator’s stock valued at $2,335,000 after purchasing an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of BJ’s Restaurants by 26.8% in the 4th quarter. BNP Paribas Arbitrage SA now owns 28,995 shares of the restaurant operator’s stock valued at $1,002,000 after purchasing an additional 6,133 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of BJ’s Restaurants during the 4th quarter valued at $1,065,000. Renaissance Technologies LLC lifted its holdings in shares of BJ’s Restaurants by 58.1% during the 4th quarter. Renaissance Technologies LLC now owns 160,329 shares of the restaurant operator’s stock valued at $5,539,000 after acquiring an additional 58,900 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of BJ’s Restaurants during the 4th quarter valued at $363,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

BJ’s Restaurants Company Profile

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BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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