BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.00 Average PT from Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given an average recommendation of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.00.

BJRI has been the topic of several analyst reports. Oppenheimer lowered BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Barclays lifted their price objective on BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. Piper Sandler raised their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research report on Friday, November 1st.

BJ’s Restaurants Stock Down 2.5 %

BJ’s Restaurants stock opened at $34.42 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $785.36 million, a P/E ratio of 27.54, a P/E/G ratio of 2.06 and a beta of 2.10. The firm’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $33.99. BJ’s Restaurants has a 1-year low of $27.61 and a 1-year high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the transaction, the insider now owns 5,339 shares in the company, valued at $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP increased its stake in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 719 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in BJ’s Restaurants during the 2nd quarter worth approximately $40,000. US Bancorp DE raised its stake in BJ’s Restaurants by 142.9% during 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. Headlands Technologies LLC boosted its holdings in BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in BJ’s Restaurants in the third quarter valued at approximately $216,000. 99.95% of the stock is currently owned by institutional investors.

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 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.