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

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

A number of analysts recently issued reports on BJRI shares. Barclays decreased their price objective on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Piper Sandler upped their price target 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 target on shares of BJ’s Restaurants in a report on Friday, November 1st.

Insider Activity

In other news, insider Brian S. Krakower sold 2,313 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were 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. This trade represents a 30.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC boosted its stake in shares of BJ’s Restaurants by 528.9% in the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after purchasing an additional 130,676 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in BJ’s Restaurants in the 3rd quarter worth $4,310,000. American Century Companies Inc. lifted its stake in BJ’s Restaurants by 27.5% in the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after purchasing an additional 114,008 shares during the last quarter. Rothschild Investment LLC purchased a new stake in BJ’s Restaurants during the second quarter valued at about $3,250,000. Finally, Armistice Capital LLC bought a new position in shares of BJ’s Restaurants during the second quarter valued at about $2,602,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants Price Performance

BJRI opened at $37.33 on Friday. The firm has a 50-day moving average price of $35.73 and a 200-day moving average price of $33.90. BJ’s Restaurants has a twelve month low of $27.61 and a twelve month 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. The company has a market capitalization of $851.76 million, a price-to-earnings ratio of 30.13, a PEG ratio of 2.06 and a beta of 2.08.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The business had revenue of $325.70 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Equities analysts expect 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.