BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.57 Consensus Target Price from Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $38.57.

A number of equities research analysts have recently weighed in on BJRI shares. Piper Sandler raised their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wedbush reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Barclays dropped their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. The trade was 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 hyperlink. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BJRI. Quarry LP grew its stake in shares of BJ’s Restaurants by 764.9% in the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 719 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of BJ’s Restaurants during the 2nd quarter worth about $40,000. US Bancorp DE raised its position in shares of BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 906 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of BJ’s Restaurants in the second quarter valued at about $57,000. Finally, Headlands Technologies LLC grew its position 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 worth $65,000 after buying an additional 1,328 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

BJ’s Restaurants Stock Performance

BJRI stock opened at $34.75 on Friday. The stock has a market cap of $792.89 million, a P/E ratio of 27.80, a P/E/G ratio of 2.06 and a beta of 2.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. The firm has a 50 day simple moving average of $35.92 and a 200 day simple moving average of $33.92. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The company had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

BJ’s Restaurants Company Profile

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.