BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $34.00

BJ’s Restaurants (NASDAQ:BJRI) had its price objective increased by Barclays from $32.00 to $34.00 in a report released on Tuesday,Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

A number of other research analysts have also recently issued reports on the company. Wedbush reissued an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Piper Sandler boosted their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

BJ’s Restaurants Stock Up 0.2 %

Shares of BJ’s Restaurants stock opened at $35.31 on Tuesday. 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 has a 12 month low of $27.61 and a 12 month high of $38.87. The business has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $33.99. The stock has a market cap of $805.67 million, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.06 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last announced 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 analyst estimates of $324.97 million. During the same period last year, the firm earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts predict that BJ’s Restaurants will post 1.26 EPS for the current year.

Insider Transactions at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the company’s 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 sale, the insider now owns 5,339 shares in the company, valued at approximately $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.90% of the stock is owned by insiders.

Institutional Trading of BJ’s Restaurants

Institutional investors and hedge funds have recently bought and sold shares of the stock. 272 Capital LP bought a new stake in BJ’s Restaurants during the second quarter worth about $1,173,000. Landscape Capital Management L.L.C. raised its holdings in BJ’s Restaurants by 75.9% during the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock worth $2,696,000 after acquiring an additional 35,722 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in BJ’s Restaurants during the third quarter worth about $4,310,000. SG Americas Securities LLC bought a new stake in BJ’s Restaurants during the third quarter worth about $500,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in BJ’s Restaurants during the third quarter worth about $2,064,000. 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.