Stephens assumed coverage on shares of BJ’s Restaurants (NASDAQ:BJRI) in a research note issued to investors on Tuesday morning, The Fly reports. The firm issued an equal weight rating and a $22.00 price target on the restaurant operator’s stock.

Several other brokerages have also recently commented on BJRI. Jefferies Financial Group increased their target price on BJ’s Restaurants from $12.00 to $19.00 and gave the stock a hold rating in a report on Wednesday, April 22nd. Loop Capital decreased their price target on BJ’s Restaurants from $46.00 to $30.00 in a report on Monday, May 11th. Deutsche Bank raised their price target on BJ’s Restaurants from $26.00 to $27.00 and gave the company a hold rating in a report on Monday, May 11th. Wedbush decreased their price target on BJ’s Restaurants from $39.00 to $32.00 and set an outperform rating on the stock in a report on Friday, May 8th. Finally, Wells Fargo & Co decreased their price target on BJ’s Restaurants from $40.00 to $22.00 and set an equal weight rating on the stock in a report on Thursday, April 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $32.94.

Shares of BJRI stock opened at $19.55 on Tuesday. The stock’s fifty day moving average is $17.57 and its 200-day moving average is $30.83. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $432.98 million, a PE ratio of 15.08 and a beta of 1.90. BJ’s Restaurants has a 52 week low of $6.01 and a 52 week high of $47.90.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, May 7th. The restaurant operator reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.28. The company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $258.43 million. BJ’s Restaurants had a return on equity of 8.96% and a net margin of 2.50%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, analysts forecast that BJ’s Restaurants will post -2.74 earnings per share for the current fiscal year.

In other BJ’s Restaurants news, Director Noah A. Elbogen purchased 15,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $29.32 per share, with a total value of $439,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory S. Lynds purchased 7,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $32.90 per share, for a total transaction of $246,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 25,500 shares of company stock worth $781,765. 2.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in BJ’s Restaurants by 13.9% in the 1st quarter. State Street Corp now owns 673,367 shares of the restaurant operator’s stock valued at $9,353,000 after buying an additional 82,160 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in BJ’s Restaurants in the 1st quarter valued at approximately $6,851,000. FMR LLC raised its position in BJ’s Restaurants by 16.2% in the 1st quarter. FMR LLC now owns 488,738 shares of the restaurant operator’s stock valued at $23,107,000 after buying an additional 68,138 shares during the last quarter. Norges Bank acquired a new stake in BJ’s Restaurants in the 4th quarter valued at approximately $13,680,000. Finally, HighTower Advisors LLC acquired a new stake in BJ’s Restaurants in the 1st quarter valued at approximately $4,737,000. 80.19% of the stock is currently owned by 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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The Fly

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

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