BJ’s Restaurants (NASDAQ:BJRI) had its price target reduced by Oppenheimer from $52.00 to $50.00 in a research note issued to investors on Friday, The Fly reports. They currently have an outperform rating on the restaurant operator’s stock. Oppenheimer also issued estimates for BJ’s Restaurants’ Q4 2019 earnings at $0.60 EPS.

Several other equities analysts also recently weighed in on BJRI. BidaskClub downgraded Ames National from a hold rating to a sell rating in a research report on Wednesday, July 17th. Piper Jaffray Companies downgraded Superior Energy Services from an overweight rating to a neutral rating in a research report on Friday. Wells Fargo & Co reiterated a sell rating on shares of Bausch Health Companies in a research report on Monday, July 15th. Wedbush lifted their target price on SVB Financial Group from $225.00 to $235.00 and gave the company a neutral rating in a research report on Friday. Finally, Loop Capital lowered their target price on BJ’s Restaurants from $60.00 to $45.00 and set a buy rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $52.21.

NASDAQ BJRI traded up $1.00 on Friday, hitting $39.75. 1,618,823 shares of the company traded hands, compared to its average volume of 518,583. The firm has a market cap of $803.45 million, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.89. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. The business has a 50 day simple moving average of $42.35. BJ’s Restaurants has a 52-week low of $36.77 and a 52-week high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.06). The company had revenue of $301.09 million for the quarter, compared to analysts’ expectations of $300.35 million. BJ’s Restaurants had a net margin of 4.05% and a return on equity of 14.72%. BJ’s Restaurants’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, analysts anticipate that BJ’s Restaurants will post 2.25 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Piedmont Investment Advisors Inc. raised its holdings in BJ’s Restaurants by 4.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,301 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 245 shares during the period. Texas Permanent School Fund increased its holdings in shares of BJ’s Restaurants by 2.7% in the first quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock worth $677,000 after purchasing an additional 379 shares during the last quarter. Somerset Trust Co increased its holdings in shares of BJ’s Restaurants by 133.1% in the first quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 454 shares during the last quarter. United Services Automobile Association increased its holdings in shares of BJ’s Restaurants by 7.3% in the fourth quarter. United Services Automobile Association now owns 7,256 shares of the restaurant operator’s stock worth $367,000 after purchasing an additional 495 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of BJ’s Restaurants by 1.0% in the first quarter. Rhumbline Advisers now owns 60,081 shares of the restaurant operator’s stock worth $2,841,000 after purchasing an additional 572 shares during the last quarter.

About BJ’s Restaurants

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

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