Analysts Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) PT at $38.00

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of brokerages have recently weighed in on BJRI. Barclays raised their price target on BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. Gordon Haskett upgraded BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective on the stock in a research report on Wednesday. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wedbush restated 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, Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th.

BJ’s Restaurants Stock Down 2.5 %

Shares of NASDAQ:BJRI opened at $34.42 on Thursday. The company has a market cap of $785.36 million, a price-to-earnings ratio of 27.54, a PEG ratio of 2.06 and a beta of 2.10. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The firm’s 50-day simple moving average is $35.82 and its 200-day simple moving average is $33.99. 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 (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the prior year, the firm posted ($0.16) EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts predict that BJ’s Restaurants will post 1.26 earnings per share for the current year.

Insider Buying and Selling at BJ’s Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, November 15th. The stock was 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 of the company’s stock, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.90% of the stock is currently owned by insiders.

Institutional Trading of BJ’s Restaurants

Institutional investors have recently modified their holdings of the company. Quarry LP boosted its stake in shares of BJ’s Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 719 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of BJ’s Restaurants in the second quarter worth $40,000. US Bancorp DE grew its holdings in shares of BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 906 shares in the last quarter. Headlands Technologies LLC lifted its stake in BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in BJ’s Restaurants in the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.