BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $34.00

BJ’s Restaurants (NASDAQ:BJRI) had its target price hoisted by Barclays from $32.00 to $34.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the restaurant operator’s stock.

Several other research analysts have also recently weighed in on the stock. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.33.

BJ’s Restaurants Stock Down 3.8 %

BJ’s Restaurants stock opened at $35.24 on Tuesday. BJ’s Restaurants has a one year low of $27.61 and a one year high of $38.87. The stock has a fifty day moving average of $35.89 and a 200 day moving average of $33.98. 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 stock has a market cap of $804.07 million, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.06 and a beta of 2.10.

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 business had revenue of $325.70 million during 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%. BJ’s Restaurants’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS. As a group, sell-side analysts predict that BJ’s Restaurants will post 1.26 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 2,313 shares of the business’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 transaction, the insider now directly owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Several institutional investors and hedge funds have recently modified their holdings of BJRI. Emerald Advisers LLC boosted its position in shares of BJ’s Restaurants by 0.7% during the third quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after acquiring an additional 4,009 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 worth $18,360,000 after purchasing an additional 114,008 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BJ’s Restaurants by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock valued at $16,056,000 after purchasing an additional 5,075 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of BJ’s Restaurants by 13.3% during 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 purchasing an additional 40,284 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of BJ’s Restaurants by 528.9% in 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 last quarter. Institutional investors own 99.95% of the company’s stock.

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.