Several other analysts also recently issued reports on BJRI. Robert W. Baird reissued a neutral rating on shares of BJ’s Restaurants in a research note on Thursday, September 8th. Wedbush downgraded shares of BJ’s Restaurants from an outperform rating to a neutral rating and decreased their price objective for the stock from $47.00 to $40.00 in a research note on Friday, September 9th. Zacks Investment Research raised shares of BJ’s Restaurants from a strong sell rating to a buy rating and set a $42.00 price objective for the company in a research note on Tuesday, September 27th. Morgan Stanley reissued an equal weight rating and issued a $35.00 price objective (down previously from $38.00) on shares of BJ’s Restaurants in a research note on Thursday, October 20th. Finally, Stifel Nicolaus decreased their price objective on shares of BJ’s Restaurants from $35.00 to $30.00 and set a sell rating for the company in a research note on Thursday, October 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $35.50.
BJ’s Restaurants (NASDAQ:BJRI) traded up 0.768% during mid-day trading on Friday, hitting $36.075. The company had a trading volume of 144,477 shares. BJ’s Restaurants has a 1-year low of $32.24 and a 1-year high of $47.55. The firm has a market capitalization of $839.03 million, a PE ratio of 20.497 and a beta of 0.96. The company has a 50 day moving average of $38.60 and a 200 day moving average of $39.07.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm earned $233.70 million during the quarter, compared to the consensus estimate of $239.64 million. BJ’s Restaurants had a return on equity of 13.91% and a net margin of 4.54%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Analysts predict that BJ’s Restaurants will post $1.74 earnings per share for the current fiscal year.
In other news, Director Noah A. Elbogen purchased 15,000 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were acquired at an average cost of $33.57 per share, with a total value of $503,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lon Ledwith sold 7,500 shares of BJ’s Restaurants stock in a transaction on Monday, November 21st. The stock was sold at an average price of $38.80, for a total transaction of $291,000.00. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in BJ’s Restaurants by 78.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,293 shares of the company’s stock valued at $793,000 after buying an additional 9,800 shares in the last quarter. Credit Suisse AG raised its position in BJ’s Restaurants by 61.5% in the third quarter. Credit Suisse AG now owns 49,915 shares of the company’s stock valued at $1,774,000 after buying an additional 19,010 shares in the last quarter. HG Vora Capital Management LLC purchased a new position in BJ’s Restaurants during the third quarter valued at about $30,218,000. Highbridge Capital Management LLC purchased a new position in BJ’s Restaurants during the third quarter valued at about $1,086,000. Finally, D. E. Shaw & Co. Inc. raised its position in BJ’s Restaurants by 247.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 190,277 shares of the company’s stock valued at $6,765,000 after buying an additional 135,543 shares in the last quarter. 87.41% of the stock is currently owned by institutional investors and hedge funds.
BJ’s Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.
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