Analysts Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) PT at $38.57

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $38.57.

A number of brokerages have issued reports on BJRI. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday, November 1st. Barclays decreased their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price objective on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Bradford Richmond acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. The trade was a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BJRI. Verition Fund Management LLC grew its position in BJ’s Restaurants by 528.9% in the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock worth $5,059,000 after purchasing an additional 130,676 shares during the period. Eagle Asset Management Inc. purchased a new stake in BJ’s Restaurants during the third quarter valued at $4,310,000. American Century Companies Inc. lifted its holdings in BJ’s Restaurants by 27.5% in the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after acquiring an additional 114,008 shares during the period. Rothschild Investment LLC purchased a new position in BJ’s Restaurants in the second quarter worth about $3,250,000. Finally, Armistice Capital LLC bought a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at about $2,602,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $37.06 on Wednesday. BJ’s Restaurants has a 1-year low of $27.61 and a 1-year high of $38.87. The firm has a market cap of $845.60 million, a P/E ratio of 29.77, a P/E/G ratio of 2.00 and a beta of 2.10. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $34.48 and a 200-day moving average of $33.73.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share 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 business had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the business posted ($0.16) earnings per share. BJ’s Restaurants’s quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts expect that BJ’s Restaurants will post 1.26 EPS for the current year.

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.