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

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

A number of other research analysts have also issued reports on BJRI. Citigroup boosted their target price on shares of BJ’s Restaurants from $24.00 to $26.00 in a research note on Friday, July 22nd. Benchmark reduced their price target on shares of BJ’s Restaurants to $32.00 in a research note on Friday, July 22nd. Wedbush upped their price target on shares of BJ’s Restaurants from $24.00 to $25.00 and gave the stock a neutral rating in a research note on Friday, July 22nd. Piper Sandler reduced their price target 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. Finally, Barclays reduced their price target on shares of BJ’s Restaurants from $21.00 to $17.00 and set an underweight 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 given a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Restaurants has a consensus rating of Hold and an average price target of $35.09.

BJ’s Restaurants Trading Down 6.0 %

BJ’s Restaurants stock opened at $24.89 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $25.31 and a two-hundred day moving average price of $25.48. The firm has a market capitalization of $583.77 million, a price-to-earnings ratio of -113.14 and a beta of 1.83. BJ’s Restaurants has a 52-week low of $20.15 and a 52-week high of $47.20.

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

Institutional Investors Weigh In On BJ’s Restaurants

A number of large investors have recently made changes to their positions in BJRI. Point72 Hong Kong Ltd acquired a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $30,000. KBC Group NV acquired a new position in BJ’s Restaurants in the 2nd quarter valued at approximately $43,000. Captrust Financial Advisors increased its stake in BJ’s Restaurants by 29.6% in the 1st quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 579 shares during the period. Mutual of America Capital Management LLC increased its stake in BJ’s Restaurants by 17.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,936 shares of the restaurant operator’s stock valued at $85,000 after buying an additional 578 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in BJ’s Restaurants in the 2nd quarter valued at approximately $102,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

About BJ’s Restaurants

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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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