Robert W. Baird reissued their hold rating on shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in a report published on Thursday. The brokerage currently has a $36.00 price target on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the company. Jefferies Group LLC restated a hold rating and set a $39.00 target price on shares of BJ’s Restaurants in a report on Thursday, August 31st. Barclays PLC reduced their target price on BJ’s Restaurants from $38.00 to $36.00 and set an underweight rating on the stock in a report on Wednesday, July 19th. Canaccord Genuity upgraded BJ’s Restaurants from a hold rating to a buy rating and set a $45.00 target price on the stock in a report on Friday, July 14th. TheStreet cut BJ’s Restaurants from a b rating to a c+ rating in a report on Friday, July 7th. Finally, BidaskClub cut BJ’s Restaurants from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $39.22.

Shares of BJ’s Restaurants (NASDAQ BJRI) traded down 0.83% during midday trading on Thursday, reaching $30.05. 486,491 shares of the company’s stock were exchanged. BJ’s Restaurants has a 1-year low of $28.00 and a 1-year high of $47.55. The firm has a 50-day moving average of $29.93 and a 200-day moving average of $37.03. The company has a market capitalization of $644.45 million, a PE ratio of 17.71 and a beta of 1.07.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $265.80 million during the quarter, compared to the consensus estimate of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. BJ’s Restaurants’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. Equities analysts expect that BJ’s Restaurants will post $1.61 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of BJ’s Restaurants by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after purchasing an additional 1,557 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of BJ’s Restaurants by 38.2% during the 1st quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 1,033 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of BJ’s Restaurants by 0.6% during the 1st quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 24 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of BJ’s Restaurants by 20.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 877 shares in the last quarter. Finally, Pacad Investment Ltd. lifted its holdings in shares of BJ’s Restaurants by 1.8% during the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

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)

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