Stifel Nicolaus Reaffirms “Buy” Rating for BJ's Restaurants (BJRI)

Stifel Nicolaus reiterated their buy rating on shares of BJ's Restaurants (NASDAQ:BJRI) in a research report sent to investors on Friday, February 23rd. The brokerage currently has a $48.00 price target on the restaurant operator’s stock.

Several other equities analysts also recently issued reports on BJRI. Barclays reduced their price objective on BJ's Restaurants from $29.00 to $27.00 and set an underweight rating for the company in a research report on Friday, October 27th. Canaccord Genuity reduced their price objective on BJ's Restaurants from $42.00 to $38.00 and set a buy rating for the company in a research report on Friday, October 27th. Zacks Investment Research downgraded BJ's Restaurants from a hold rating to a sell rating in a research report on Monday, October 30th. Finally, Wedbush upgraded BJ's Restaurants from a neutral rating to an outperform rating and boosted their price objective for the stock from $37.00 to $44.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $40.56.

How to Become a New Pot Stock Millionaire

BJ's Restaurants (NASDAQ BJRI) traded up $0.25 during trading hours on Friday, hitting $44.45. The stock had a trading volume of 383,670 shares, compared to its average volume of 392,412. The company has a market capitalization of $896.03, a price-to-earnings ratio of 21.27, a PEG ratio of 1.60 and a beta of 0.81. BJ's Restaurants has a 52 week low of $28.00 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.49 and a quick ratio of 0.41.

BJ's Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The company had revenue of $261.10 million during the quarter, compared to analyst estimates of $259.34 million. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. sell-side analysts forecast that BJ's Restaurants will post 1.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. BJ's Restaurants’s dividend payout ratio (DPR) is 10.53%.

In other BJ's Restaurants news, insider Alex Puchner sold 3,660 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $44.29, for a total value of $162,101.40. Following the completion of the sale, the insider now directly owns 2,323 shares in the company, valued at $102,885.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian S. Krakower sold 5,504 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the sale, the insider now owns 3,318 shares of the company’s stock, valued at $146,688.78. The disclosure for this sale can be found here. Insiders sold 170,867 shares of company stock valued at $7,447,599 over the last 90 days. 6.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC lifted its position in BJ's Restaurants by 9.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 103,643 shares of the restaurant operator’s stock worth $3,773,000 after purchasing an additional 8,825 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter valued at $331,000. Gotham Asset Management LLC lifted its position in shares of BJ's Restaurants by 74.9% during the 4th quarter. Gotham Asset Management LLC now owns 26,406 shares of the restaurant operator’s stock valued at $961,000 after acquiring an additional 11,307 shares during the last quarter. MainStreet Investment Advisors LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter valued at $1,405,000. Finally, Jane Street Group LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter valued at $569,000. Hedge funds and other institutional investors own 94.61% of the company’s stock.

WARNING: “Stifel Nicolaus Reaffirms “Buy” Rating for BJ's Restaurants (BJRI)” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://baseballnewssource.com/2018/03/20/bjs-restaurants-bjri-buy-rating-reaffirmed-at-stifel-nicolaus/1920795.html.

BJ's Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.