BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.57 Consensus Target Price from Analysts

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.57.

A number of equities analysts have commented on BJRI shares. Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Piper Sandler upped their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st.

Insiders Place Their Bets

In related 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 value of $82,342.80. Following the transaction, the insider now owns 5,339 shares in the company, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Bradford Richmond bought 2,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now directly owns 16,905 shares in the company, valued at $497,007. This trade represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its holdings in shares of BJ’s Restaurants by 61.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator’s stock worth $380,000 after purchasing an additional 4,000 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of BJ’s Restaurants by 12.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 2,286 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of BJ’s Restaurants during the first quarter worth $45,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of BJ’s Restaurants by 5.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,021 shares of the restaurant operator’s stock worth $689,000 after purchasing an additional 936 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $57,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Up 2.4 %

Shares of BJ’s Restaurants stock opened at $35.34 on Wednesday. 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 has a twelve month low of $27.61 and a twelve month high of $38.87. The company has a market cap of $806.46 million, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.94 and a beta of 2.10. The company’s 50 day moving average is $34.27 and its 200 day moving average is $33.70.

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

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.