BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $38.57.

A number of analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday, November 1st. Barclays decreased their price objective on 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 lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Piper Sandler raised 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.

Insider Buying and Selling at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Bradford Richmond bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased 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 owns 16,905 shares of the company’s stock, valued at $497,007. The trade was a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of BJ’s Restaurants

Large investors have recently made changes to their positions in the business. Quarry LP raised its position in BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 719 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at approximately $40,000. EntryPoint Capital LLC acquired a new position in shares of BJ’s Restaurants in the 1st quarter valued at $45,000. US Bancorp DE boosted its holdings in BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in BJ’s Restaurants during the second quarter valued at $57,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $34.19 on Wednesday. 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 company has a market capitalization of $780.22 million, a PE ratio of 27.35, a P/E/G ratio of 2.03 and a beta of 2.10. The company has a 50 day moving average price of $33.95 and a 200-day moving average price of $33.69. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results 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). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the firm earned ($0.16) earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that BJ’s Restaurants will post 1.26 earnings per share 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.