Analysts Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) Target Price at $38.57

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $38.57.

BJRI has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays reduced their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. Finally, Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

BJ’s Restaurants Stock Up 2.4 %

Shares of NASDAQ BJRI opened at $35.34 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a 52-week low of $27.61 and a 52-week high of $38.87. The company’s 50 day moving average price is $34.27 and its 200-day moving average price is $33.70. The company has a market capitalization of $806.46 million, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.94 and a beta of 2.10.

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

Insider Activity at BJ’s Restaurants

In related news, CEO C Bradford Richmond purchased 2,500 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. This represents a 17.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the transaction, the insider now owns 5,339 shares in the company, valued at $190,068.40. This represents a 30.23 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP grew its holdings in BJ’s Restaurants by 764.9% in the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 719 shares during the period. Meeder Asset Management Inc. purchased a new stake in BJ’s Restaurants in the second quarter worth about $40,000. EntryPoint Capital LLC purchased a new stake in BJ’s Restaurants in the first quarter worth about $45,000. US Bancorp DE grew its holdings in BJ’s Restaurants by 142.9% in the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 906 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in BJ’s Restaurants in the second quarter worth about $57,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.