BJ’s Restaurants (NASDAQ:BJRI) Raised to “Hold” at Gordon Haskett

BJ’s Restaurants (NASDAQ:BJRI) was upgraded by stock analysts at Gordon Haskett from an “underperform” rating to a “hold” rating in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $36.00 price target on the restaurant operator’s stock. Gordon Haskett’s price objective points to a potential upside of 1.95% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BJRI. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday. Piper Sandler upped their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Barclays upped their price target on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.00.

BJ’s Restaurants Stock Performance

BJRI stock opened at $35.31 on Wednesday. The company has a market capitalization of $805.67 million, a P/E ratio of 28.25, a PEG ratio of 2.06 and a beta of 2.10. The company has a 50-day simple moving average of $35.85 and a 200 day simple moving average of $33.99. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $325.70 million during 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 for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) EPS. Sell-side analysts predict that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the sale, the insider now owns 5,339 shares in the company, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of BJ’s Restaurants

Several institutional investors and hedge funds have recently bought and sold shares of BJRI. Headlands Technologies LLC increased its holdings in shares of BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the period. ClariVest Asset Management LLC increased its holdings in shares of BJ’s Restaurants by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock valued at $1,009,000 after purchasing an additional 780 shares during the period. American Century Companies Inc. increased its holdings in shares of BJ’s Restaurants by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after purchasing an additional 114,008 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $40,000. Finally, WINTON GROUP Ltd increased its holdings in shares of BJ’s Restaurants by 3.7% in the 2nd quarter. WINTON GROUP Ltd now owns 29,499 shares of the restaurant operator’s stock valued at $1,024,000 after purchasing an additional 1,058 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.