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In a report released today, Brian Bittner from Oppenheimer maintained a Hold rating on BJ’s Restaurants (BJRI). The company’s shares closed yesterday at $51.97.
Bittner observed:
“BJRI’s 4Q18 was nicely in line, but ’19 EPS estimates could be revised down ~10%- ish. This is primarily owing to stepped-up investments for sales-driving initiatives, overall cost inflation and a slow start to 1Q SSS (bad weather). Beyond the first quarter, we do anticipate improving sales/margins. We maintain our Perform rating until we gain confidence in a renewed earnings-revision cycle.”
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 11.2% and a 69.9% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on BJ’s Restaurants is a Moderate Buy with an average price target of $65.80.
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BJ’s Restaurants’ market cap is currently $1.1B and has a P/E ratio of 17.32. The company has a Price to Book ratio of 3.54.
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BJ’s Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. It operates BJ’s Restaurant and Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza and Grill or BJ’s Grill. It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers.
