BJ’s Restaurants, Inc. (NASDAQ:BJRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.30.

Several analysts have issued reports on BJRI shares. Citigroup upped their price target on shares of BJ’s Restaurants from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a report on Friday, February 16th. TheStreet raised shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of BJ’s Restaurants in a report on Friday, February 16th. Finally, Barclays increased their price objective on shares of BJ’s Restaurants from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 3rd.

Read Our Latest Stock Report on BJRI

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the completion of the sale, the insider now directly owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Alex Puchner sold 7,713 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the transaction, the vice president now owns 12,222 shares of the company’s stock, valued at $467,491.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the completion of the transaction, the insider now owns 2,326,476 shares of the company’s stock, valued at approximately $82,659,692.28. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of BJ’s Restaurants by 17.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,382 shares of the restaurant operator’s stock valued at $76,000 after buying an additional 359 shares during the last quarter. AdvisorShares Investments LLC lifted its position in shares of BJ’s Restaurants by 2.1% in the third quarter. AdvisorShares Investments LLC now owns 18,007 shares of the restaurant operator’s stock worth $422,000 after purchasing an additional 370 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in BJ’s Restaurants by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,085 shares of the restaurant operator’s stock valued at $652,000 after purchasing an additional 400 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in BJ’s Restaurants by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,640 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 411 shares during the period. Finally, Royal Bank of Canada lifted its position in BJ’s Restaurants by 8.2% during the 2nd quarter. Royal Bank of Canada now owns 6,024 shares of the restaurant operator’s stock worth $192,000 after buying an additional 457 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Down 3.6 %

Shares of BJ’s Restaurants stock opened at $35.05 on Friday. BJ’s Restaurants has a 12 month low of $21.64 and a 12 month high of $38.76. The stock has a market cap of $820.17 million, a PE ratio of 42.23, a price-to-earnings-growth ratio of 2.09 and a beta of 2.12. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $34.78 and a 200 day simple moving average of $30.55.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. The business had revenue of $323.64 million during the quarter, compared to analyst estimates of $331.03 million. BJ’s Restaurants had a return on equity of 5.45% and a net margin of 1.47%. BJ’s Restaurants’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. Research analysts predict that BJ’s Restaurants will post 1.23 EPS for the current year.

BJ’s Restaurants Company Profile

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

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Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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