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

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One investment 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. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $38.00.

Several equities research analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday, November 1st. Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company in a research note on Wednesday, January 8th. Barclays raised their target price 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 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. Finally, Oppenheimer lowered BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling 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 value of $82,342.80. Following the sale, the insider now directly owns 5,339 shares in the company, valued at approximately $190,068.40. This represents a 30.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Verition Fund Management LLC grew its holdings in BJ’s Restaurants by 528.9% during the third quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock worth $5,059,000 after purchasing an additional 130,676 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of BJ’s Restaurants in the third quarter valued at approximately $4,310,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BJ’s Restaurants in the third quarter valued at approximately $2,064,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BJ’s Restaurants by 13.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock valued at $11,150,000 after buying an additional 40,284 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its position in shares of BJ’s Restaurants by 75.9% in the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after buying an additional 35,722 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

NASDAQ BJRI opened at $36.19 on Monday. The company has a market capitalization of $825.86 million, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. The business’s fifty day moving average is $35.85 and its 200 day moving average is $33.91. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last issued 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 for the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share. Sell-side analysts predict 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.