BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.43 Average PT from Analysts

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.43.

Several research firms have recently commented on BJRI. Barclays reduced their price target on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 29th.

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $37.44 on Friday. The firm has a 50 day moving average of $32.62 and a 200 day moving average of $33.39. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $875.46 million, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 1.66 and a beta of 2.12. BJ’s Restaurants has a 52 week low of $25.09 and a 52 week high of $38.87.

Insider Activity at BJ’s Restaurants

In related news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the purchase, the chief executive officer now owns 16,905 shares of the company’s stock, valued at $497,007. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds have recently made changes to their positions in BJRI. Meeder Asset Management Inc. purchased a new stake in BJ’s Restaurants during the 2nd quarter valued at about $40,000. EntryPoint Capital LLC acquired a new position in BJ’s Restaurants in the 1st quarter worth approximately $45,000. US Bancorp DE increased its holdings in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares during the period. 1620 Investment Advisors Inc. purchased a new position in BJ’s Restaurants during the 2nd quarter worth approximately $57,000. Finally, Headlands Technologies LLC lifted its stake in BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,328 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.