BJ’s Restaurants, Inc. to Post Q1 2021 Earnings of ($0.01) Per Share, Piper Sandler Forecasts (NASDAQ:BJRI)

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Piper Sandler boosted their Q1 2021 EPS estimates for shares of BJ’s Restaurants in a note issued to investors on Sunday, September 13th. Piper Sandler analyst N. Regan now expects that the restaurant operator will earn ($0.01) per share for the quarter, up from their prior forecast of ($0.09). Piper Sandler currently has a “Overweight” rating and a $39.00 target price on the stock. Piper Sandler also issued estimates for BJ’s Restaurants’ Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.03 EPS and FY2022 earnings at $1.36 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 23rd. The restaurant operator reported ($0.99) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.81) by $0.82. BJ’s Restaurants had a negative return on equity of 2.98% and a negative net margin of 1.58%. The business had revenue of $128.02 million during the quarter, compared to analysts’ expectations of $126.38 million.

Other research analysts have also issued research reports about the company. Barclays upped their price objective on BJ’s Restaurants from $16.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Stephens upped their price objective on BJ’s Restaurants from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. BidaskClub raised BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Wedbush upped their price objective on BJ’s Restaurants from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Morgan Stanley upped their price objective on BJ’s Restaurants from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Two 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 assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.53.

BJ’s Restaurants stock opened at $36.19 on Wednesday. The business has a 50 day simple moving average of $27.76 and a 200-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. The stock has a market capitalization of $806.31 million, a PE ratio of -54.01 and a beta of 2.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.67.

Several large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of BJ’s Restaurants by 5.2% in the first quarter. Thrivent Financial for Lutherans now owns 16,060 shares of the restaurant operator’s stock valued at $223,000 after acquiring an additional 801 shares in the last quarter. AdvisorShares Investments LLC lifted its position in shares of BJ’s Restaurants by 8.7% in the second quarter. AdvisorShares Investments LLC now owns 11,709 shares of the restaurant operator’s stock valued at $245,000 after acquiring an additional 936 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of BJ’s Restaurants by 8.1% in the second quarter. Texas Permanent School Fund now owns 17,588 shares of the restaurant operator’s stock valued at $368,000 after acquiring an additional 1,320 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position 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 acquiring an additional 1,400 shares in the last quarter. Finally, Bank of Montreal Can lifted its position 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 valued at $37,000 after acquiring an additional 1,990 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

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.

Further Reading: The mechanics of the bid-ask spread in trading

Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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