BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $42.00 Consensus PT from Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $44.25.

BJRI has been the topic of a number of analyst reports. Barclays lowered their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Mizuho lowered their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Benchmark raised their target price on BJ’s Restaurants from $50.00 to $68.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup cut their target price on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th.

View Our Latest Stock Report on BJ’s Restaurants

Key BJ’s Restaurants News

Here are the key news stories impacting BJ’s Restaurants this week:

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $67.49 on Monday. The firm has a market capitalization of $1.42 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.31. The firm has a fifty day simple moving average of $51.54 and a two-hundred day simple moving average of $43.71. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. BJ’s Restaurants has a 12 month low of $28.46 and a 12 month high of $68.02.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $358.12 million for the quarter, compared to analyst estimates of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Analysts forecast that BJ’s Restaurants will post 2.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Restaurants news, EVP Gregory S. Lynds sold 6,201 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.86, for a total transaction of $346,387.86. Following the transaction, the executive vice president directly owned 46,474 shares in the company, valued at approximately $2,596,037.64. This trade represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lea Anne Ottinger sold 2,792 shares of BJ’s Restaurants stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $53.50, for a total transaction of $149,372.00. Following the transaction, the director directly owned 39,701 shares in the company, valued at $2,124,003.50. This represents a 6.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,817 shares of company stock worth $3,384,688 in the last three months. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BJRI. CWM LLC increased its stake in BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 456 shares during the last quarter. Quarry LP lifted its position in shares of BJ’s Restaurants by 1,618.3% during the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after buying an additional 971 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock worth $37,000 after buying an additional 265 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of BJ’s Restaurants in the 4th quarter worth approximately $63,000. Finally, US Bancorp DE grew its holdings in shares of BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 418 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

About BJ’s Restaurants

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BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.

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

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