BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $40.40 Average Price Target from Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.40.

Several analysts have commented on the stock. Barclays boosted their target price on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. Wedbush increased their target price on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Gordon Haskett upgraded BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. Finally, Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th.

BJ’s Restaurants Stock Performance

Shares of BJ’s Restaurants stock opened at $36.45 on Tuesday. BJ’s Restaurants has a 12 month low of $27.61 and a 12 month high of $41.72. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $828.07 million, a PE ratio of 53.60, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. The business has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $35.02.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The business had revenue of $344.34 million during the quarter, compared to analysts’ expectations of $336.48 million. On average, sell-side analysts anticipate that BJ’s Restaurants will post 1.5 EPS for the current fiscal year.

Institutional Trading of BJ’s Restaurants

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in BJ’s Restaurants by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,242,137 shares of the restaurant operator’s stock worth $43,642,000 after acquiring an additional 78,852 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in BJ’s Restaurants by 23.9% during the 4th quarter. Nomura Holdings Inc. now owns 837,031 shares of the restaurant operator’s stock valued at $29,409,000 after purchasing an additional 161,495 shares during the last quarter. American Century Companies Inc. grew its stake in BJ’s Restaurants by 12.8% during the fourth quarter. American Century Companies Inc. now owns 699,434 shares of the restaurant operator’s stock worth $24,575,000 after buying an additional 79,512 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of BJ’s Restaurants by 2.6% during the fourth quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator’s stock worth $20,513,000 after buying an additional 14,607 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of BJ’s Restaurants by 1.0% in the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock valued at $16,056,000 after acquiring an additional 5,075 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.