BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.00.

BJRI has been the subject of a number of analyst reports. Wedbush restated a “hold” rating and set a $45.00 price objective on shares of BJ’s Restaurants in a report on Thursday, May 25th. TheStreet cut shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. BidaskClub cut shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Canaccord Genuity upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Friday, July 14th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $44.00 price objective on shares of BJ’s Restaurants in a report on Friday, July 14th.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of BJ’s Restaurants by 132,808.6% in the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after purchasing an additional 2,516,723 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BJ’s Restaurants by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,802,486 shares of the restaurant operator’s stock worth $67,142,000 after purchasing an additional 51,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BJ’s Restaurants by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 977,686 shares of the restaurant operator’s stock worth $39,498,000 after purchasing an additional 32,798 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of BJ’s Restaurants by 4.6% in the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after purchasing an additional 29,949 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of BJ’s Restaurants by 13.3% in the first quarter. Morgan Stanley now owns 526,480 shares of the restaurant operator’s stock worth $21,271,000 after purchasing an additional 61,785 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Brokerages Set BJ’s Restaurants, Inc. (BJRI) Target Price at $39.00” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/15/brokerages-set-bjs-restaurants-inc-bjri-target-price-at-39-00.html.

BJ’s Restaurants (BJRI) traded up 1.817% during mid-day trading on Tuesday, reaching $29.425. 144,334 shares of the company traded hands. BJ’s Restaurants has a one year low of $28.00 and a one year high of $47.55. The stock’s 50-day moving average price is $31.74 and its 200-day moving average price is $38.17. The firm has a market cap of $631.05 million, a PE ratio of 17.339 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The business had revenue of $265.80 million for the quarter, compared to analyst estimates of $269.48 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts forecast that BJ’s Restaurants will post $1.62 earnings per share for the current fiscal year.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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

Receive News & Ratings for BJ's Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.