Analysts at Morgan Stanley Kept their Past ‘Equal-Weight’ rating on Shares BJ’s Restaurants (NASDAQ:BJRI), Set a $41 Price Target

April 17, 2018 - By Louis Casey

BJ's Restaurants, Inc. (NASDAQ:BJRI) Logo

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.31, from 1.19 in 2017Q3. It worsened, as 24 investors sold BJ's Restaurants, Inc. shares while 52 reduced holdings. 28 funds opened positions while 39 raised stakes. 16.91 million shares or 2.77% more from 16.45 million shares in 2017Q3 were reported.

Employees Retirement System Of Ohio reported 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Parametric Portfolio Associates Ltd Llc invested in 35,084 shares or 0% of the stock. 14,429 are held by State Of Tennessee Treasury Department. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 613 shares in its portfolio. Ameriprise reported 91,492 shares stake. American Grp holds 0% or 15,751 shares in its portfolio. Millennium Management Ltd owns 1.03M shares or 0.05% of their US portfolio. Gotham Asset Mngmt Ltd reported 26,406 shares. Morgan Stanley reported 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Aqr Cap Management Ltd Liability Company, a Connecticut-based fund reported 182,487 shares. Massachusetts Communication Ma stated it has 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). State Of Alaska Department Of Revenue stated it has 3,577 shares. California Public Employees Retirement Sys stated it has 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Renaissance Tech Ltd owns 0.01% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 198,200 shares. Pnc Financial Group Inc has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI).

Since February 28, 2018, it had 0 insider purchases, and 4 sales for $3.72 million activity. 10,000 shares valued at $441,000 were sold by Elbogen Noah A. on Wednesday, February 28. On Friday, March 2 the insider DEITCHLE GERALD W sold $3.08M. 769 shares were sold by Mayer Kevin E., worth $34,082.

BJ’s Restaurants (NASDAQ:BJRI) Rating Reaffirmed

In a note revealed to investors this morning, Morgan Stanley reiterated their Equal-Weight rating on BJ’s Restaurants (NASDAQ:BJRI) shares. The TP would suggest a possible downside of -16.75 % from firm’s last stock close.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.31, from 1.19 in 2017Q3. It worsened, as 24 investors sold BJ's Restaurants, Inc. shares while 52 reduced holdings. 28 funds opened positions while 39 raised stakes. 16.91 million shares or 2.77% more from 16.45 million shares in 2017Q3 were reported.

Employees Retirement System Of Ohio reported 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Parametric Portfolio Associates Ltd Llc invested in 35,084 shares or 0% of the stock. 14,429 are held by State Of Tennessee Treasury Department. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 613 shares in its portfolio. Ameriprise reported 91,492 shares stake. American Grp holds 0% or 15,751 shares in its portfolio. Millennium Management Ltd owns 1.03M shares or 0.05% of their US portfolio. Gotham Asset Mngmt Ltd reported 26,406 shares. Morgan Stanley reported 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Aqr Cap Management Ltd Liability Company, a Connecticut-based fund reported 182,487 shares. Massachusetts Communication Ma stated it has 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). State Of Alaska Department Of Revenue stated it has 3,577 shares. California Public Employees Retirement Sys stated it has 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Renaissance Tech Ltd owns 0.01% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 198,200 shares. Pnc Financial Group Inc has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI).

Since February 28, 2018, it had 0 insider purchases, and 4 sales for $3.72 million activity. 10,000 shares valued at $441,000 were sold by Elbogen Noah A. on Wednesday, February 28. On Friday, March 2 the insider DEITCHLE GERALD W sold $3.08M. 769 shares were sold by Mayer Kevin E., worth $34,082.

BJ's Restaurants, Inc. (NASDAQ:BJRI) Ratings Coverage

Among 8 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. BJ’s Restaurants has $50.0 highest and $27 lowest target. $43.50’s average target is -11.68% below currents $49.25 stock price. BJ’s Restaurants had 19 analyst reports since October 18, 2017 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $38 target in Friday, October 27 report. As per Monday, April 16, the company rating was maintained by Morgan Stanley. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) earned “Underweight” rating by Barclays Capital on Wednesday, October 18. The company was maintained on Tuesday, January 2 by Robert W. Baird. The company was maintained on Friday, February 23 by Stephens. The stock has “Buy” rating by Wedbush on Thursday, February 15. The rating was maintained by Barclays Capital on Friday, October 27 with “Underweight”. Stifel Nicolaus maintained the shares of BJRI in report on Friday, February 23 with “Buy” rating. Wedbush maintained it with “Outperform” rating and $48 target in Friday, February 23 report. The firm has “Hold” rating by Robert W. Baird given on Thursday, October 26.

The stock increased 1.03% or $0.5 during the last trading session, reaching $49.25. About 391,907 shares traded or 1.38% up from the average. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since April 17, 2017 and is uptrending. It has outperformed by 2.09% the S&P500.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on April, 26. They expect $0.54 earnings per share, up 28.57 % or $0.12 from last year’s $0.42 per share. BJRI’s profit will be $11.07M for 22.80 P/E if the $0.54 EPS becomes a reality. After $0.37 actual earnings per share reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 45.95 % EPS growth.

BJÂ’s Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company has market cap of $1.01 billion. The Company’s restaurants offer pizzas, craft and other beers, appetizers, soups, entrees, pastas, sandwiches, salads, and desserts. It has a 23.91 P/E ratio. As of September 5, 2017, the firm owned and operated 195 casual dining restaurants located in the 25 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

BJ's Restaurants, Inc. (NASDAQ:BJRI) Ratings Chart

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