BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $39.00
BJ’s Restaurants (NASDAQ:BJRI) had its price target upped by Piper Sandler from $28.00 to $39.00 in a research note issued to investors on Monday, The Fly reports. Piper Sandler currently has an overweight rating on the restaurant operator’s stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q1 2021 earnings at ($0.01) EPS, Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.03 EPS, Q4 2021 earnings at $0.44 EPS, FY2021 earnings at $0.78 EPS and FY2022 earnings at $1.36 EPS.
A number of other analysts have also weighed in on BJRI. Barclays raised their price objective on shares of BJ’s Restaurants from $16.00 to $18.00 and gave the company an underweight rating in a research note on Friday, July 24th. Loop Capital lowered BJ’s Restaurants from a buy rating to a hold rating and reduced their target price for the stock from $30.00 to $21.00 in a report on Thursday, July 16th. BidaskClub upgraded shares of BJ’s Restaurants from a buy rating to a strong-buy rating in a research note on Wednesday, September 9th. Stephens boosted their price objective on shares of BJ’s Restaurants from $20.00 to $23.00 and gave the company an equal weight rating in a report on Friday, July 24th. Finally, Wedbush boosted their target price on shares of BJ’s Restaurants from $31.00 to $34.00 and gave the company an outperform rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. BJ’s Restaurants presently has a consensus rating of Hold and a consensus target price of $29.53.
BJRI opened at $36.19 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.53. The company has a market cap of $806.31 million, a price-to-earnings ratio of -54.01 and a beta of 2.07. The stock has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $21.67. BJ’s Restaurants has a 12-month low of $6.01 and a 12-month high of $44.47.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in shares of BJ’s Restaurants by 966.0% in the second quarter. Bank of Montreal Can now owns 2,196 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 1,990 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of BJ’s Restaurants by 39.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,995 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 2,251 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of BJ’s Restaurants in the second quarter valued at $147,000. Oregon Public Employees Retirement Fund grew its holdings in shares of BJ’s Restaurants by 18.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,047 shares of the restaurant operator’s stock valued at $189,000 after purchasing an additional 1,400 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in BJ’s Restaurants in the first quarter worth $204,000. 89.66% of the stock is owned by institutional investors and hedge funds.
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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