BJ’s Restaurants, Inc. (NASDAQ:BJRI) Given Average Rating of “Hold” by Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Rating) has been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.08.

BJRI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BJ’s Restaurants from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, April 22nd. Citigroup initiated coverage on shares of BJ’s Restaurants in a research note on Tuesday, April 12th. They set a “neutral” rating and a $29.00 price objective on the stock. Stephens dropped their price objective on shares of BJ’s Restaurants from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. StockNews.com initiated coverage on shares of BJ’s Restaurants in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays increased their price objective on shares of BJ’s Restaurants from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, April 25th.

Shares of BJ’s Restaurants stock opened at $24.83 on Tuesday. The company has a fifty day moving average price of $27.50 and a 200 day moving average price of $31.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. BJ’s Restaurants has a twelve month low of $24.02 and a twelve month high of $59.91. The stock has a market cap of $581.99 million, a price-to-earnings ratio of 827.94, a price-to-earnings-growth ratio of 3.54 and a beta of 1.93.

BJ’s Restaurants (NASDAQ:BJRIGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The restaurant operator reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.32. BJ’s Restaurants had a net margin of 0.09% and a return on equity of 0.07%. The company had revenue of $298.70 million during the quarter, compared to analysts’ expectations of $297.22 million. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. Analysts forecast that BJ’s Restaurants will post 0.51 earnings per share for the current year.

In other BJ’s Restaurants news, insider Brian S. Krakower sold 1,000 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $29.42, for a total value of $29,420.00. Following the completion of the sale, the insider now owns 4,677 shares in the company, valued at approximately $137,597.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BJRI. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BJ’s Restaurants by 56.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,070 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 385 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of BJ’s Restaurants during the 3rd quarter valued at $57,000. O Shaughnessy Asset Management LLC bought a new position in shares of BJ’s Restaurants during the 3rd quarter valued at $72,000. Point72 Hong Kong Ltd raised its holdings in shares of BJ’s Restaurants by 73.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 2,680 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 1,137 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of BJ’s Restaurants during the 1st quarter valued at $128,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

About BJ’s Restaurants (Get Rating)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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