BJ’s Restaurants, Inc. (NASDAQ:BJRI – Free Report) shares have received an average recommendation of “Hold” from the seven analysts that cover the company, MarketBeat reports. One equities analyst has rated the stock a “Sell,” four have rated it a “Hold,” and two have rated it a “Buy.” The average price target for the next twelve months from brokerages that have covered the stock in the last year is $38.63.
Several equities analysts have recently commented on the stock. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, July 26th. Finally, Barclays reduced their price target on shares of BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, July 26th.
Check out our latest stock report on BJRI
Insider transactions at BJ’s Restaurants
In other news, insider Brian S. Krakower sold 1,600 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, May 15. The shares were sold at an average price of $35.56, for a total transaction of $56,896.00. Following the completion of the sale, the insider now owns 7,652 shares of the company’s stock, valued at approximately $272,105.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.90% of the shares are owned by company insiders.
Institutional inflows and outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in BJ’s Restaurants during the second quarter valued at about $40,000. EntryPoint Capital LLC bought a new position in BJ’s Restaurants during the first quarter valued at about $45,000. Quadrant Capital Group LLC increased its stake in BJ’s Restaurants by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 743 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in BJ’s Restaurants during the second quarter valued at about $57,000. Finally, Headlands Technologies LLC increased its stake in BJ’s Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.
BJ’s Restaurants Price Performance
BJ’s Restaurants shares opened at $28.35 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.03 and a quick ratio of 0.28. BJ’s Restaurants has a 52-week low of $21.64 and a 52-week high of $38.87. The company has a 50-day moving average price of $34.33 and a 200-day moving average price of $34.63. The company has a market cap of $662.91 million, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13.
BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last released its quarterly earnings results on Thursday, July 25. The restaurant operator reported earnings per share of $0.72 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The company had revenue of $349.93 million for the quarter, compared to the consensus estimate of $349.18 million. During the same period last year, the company generated earnings per share of $0.50. The company’s revenue increased 0.1% year-over-year. Analysts expect BJ’s Restaurants to report earnings per share of $1.41 for the current year.
About BJ’s Restaurants
(Get free report
BJ’s Restaurants, Inc. owns and operates casual dining restaurants throughout the United States. The restaurants offer pizza, craft and other beers, appetizers, entrees, pasta, sandwiches, specialty salads and desserts. The company was formerly known as Chicago Pizza & Brewery, Inc. and changed its name to BJ’s Restaurants, Inc. in August 2004.
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