BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives Average Recommendation of “Hold” from Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $38.00.

A number of brokerages recently commented on BJRI. 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. Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective on the stock in a report on Wednesday. Barclays raised their target price on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday. Oppenheimer lowered shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, Piper Sandler lifted their price objective on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th.

Insider Transactions at BJ’s Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now directly owns 5,339 shares of the company’s stock, valued at $190,068.40. This represents a 30.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in shares of BJ’s Restaurants by 11.4% during the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock worth $220,000 after purchasing an additional 693 shares in the last quarter. Quarry LP grew its holdings in shares of BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after buying an additional 719 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of BJ’s Restaurants by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock valued at $1,009,000 after buying an additional 780 shares during the last quarter. US Bancorp DE lifted its stake in shares of 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 buying an additional 906 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in BJ’s Restaurants by 3.7% during the second quarter. WINTON GROUP Ltd now owns 29,499 shares of the restaurant operator’s stock worth $1,024,000 after acquiring an additional 1,058 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Up 0.2 %

NASDAQ BJRI opened at $35.31 on Thursday. The stock has a market cap of $805.67 million, a P/E ratio of 28.25, a P/E/G ratio of 2.06 and a beta of 2.10. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. BJ’s Restaurants has a 12-month low of $27.61 and a 12-month high of $38.87. The company has a fifty day simple moving average of $35.89 and a two-hundred day simple moving average of $33.98.

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

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.