BJ's Restaurants’ (BJRI) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of BJ's Restaurants (NASDAQ:BJRI) in a research note released on Monday, January 8th. They currently have a $45.00 target price on the restaurant operator’s stock.

Several other analysts have also recently commented on BJRI. Zacks Investment Research upgraded BJ's Restaurants from a sell rating to a hold rating in a report on Thursday, January 4th. Stifel Nicolaus raised BJ's Restaurants from a hold rating to a buy rating and upped their price target for the company from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Barclays cut their price target on BJ's Restaurants from $29.00 to $27.00 and set an underweight rating on the stock in a research note on Friday, October 27th. Wells Fargo & Co cut their target price on BJ's Restaurants from $35.00 to $30.00 and set a market perform rating on the stock in a research note on Wednesday, October 18th. Finally, Robert W. Baird restated a hold rating and issued a $36.00 price target on shares of BJ's Restaurants in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. BJ's Restaurants has a consensus rating of Hold and an average price target of $39.00.

Shares of BJ's Restaurants (BJRI) traded down $0.05 during trading on Monday, hitting $37.70. The stock had a trading volume of 308,500 shares, compared to its average volume of 431,089. The firm has a market cap of $777.88, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. BJ's Restaurants has a fifty-two week low of $28.00 and a fifty-two week high of $47.55.

BJ's Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. BJ's Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. equities research analysts predict that BJ's Restaurants will post 1.39 EPS for the current year.

In other news, CFO Gregory Levin sold 7,209 shares of BJ's Restaurants stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $34.01, for a total value of $245,178.09. Following the transaction, the chief financial officer now owns 45,672 shares in the company, valued at approximately $1,553,304.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick Walsh sold 37,764 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total value of $1,192,964.76. Following the sale, the director now owns 19,844 shares in the company, valued at approximately $626,871.96. The disclosure for this sale can be found here. Insiders sold a total of 184,102 shares of company stock valued at $6,287,084 over the last ninety days. Insiders own 6.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC raised its stake in BJ's Restaurants by 3.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 94,818 shares of the restaurant operator’s stock worth $2,887,000 after buying an additional 3,248 shares during the period. Ameriprise Financial Inc. increased its holdings in BJ's Restaurants by 34.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock worth $4,934,000 after purchasing an additional 33,810 shares in the last quarter. State Street Corp increased its holdings in BJ's Restaurants by 0.6% during the 2nd quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock worth $19,485,000 after purchasing an additional 3,225 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in BJ's Restaurants during the 2nd quarter worth approximately $417,000. Finally, Prudential Financial Inc. increased its holdings in BJ's Restaurants by 93.1% during the 3rd quarter. Prudential Financial Inc. now owns 88,523 shares of the restaurant operator’s stock worth $2,696,000 after purchasing an additional 42,690 shares in the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.

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About BJ's Restaurants

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)

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