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.
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.
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.
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.
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