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

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) have been given an average rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.25.

A number of brokerages have recently issued reports on BJRI. CL King began coverage on BJ’s Restaurants in a research note on Tuesday, December 20th. They set a “buy” rating and a $36.00 target price for the company. Barclays raised their price objective on BJ’s Restaurants from $18.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, January 5th. Stephens initiated coverage on BJ’s Restaurants in a research note on Thursday, September 22nd. They issued an “equal weight” rating and a $27.00 price objective for the company. StockNews.com initiated coverage on BJ’s Restaurants in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BJ’s Restaurants from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 24th.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, VP Christopher P. Pinsak sold 3,212 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $31.92, for a total transaction of $102,527.04. Following the sale, the vice president now owns 3,952 shares in the company, valued at approximately $126,147.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of BJ’s Restaurants during the first quarter worth $30,000. KBC Group NV acquired a new position in BJ’s Restaurants in the second quarter valued at $43,000. Financial Enhancement Group LLC acquired a new position in BJ’s Restaurants in the third quarter valued at $72,000. Captrust Financial Advisors boosted its holdings in BJ’s Restaurants by 29.6% in the first quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 579 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in BJ’s Restaurants by 17.2% in the second quarter. Mutual of America Capital Management LLC now owns 3,936 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $31.34 on Friday. The company has a market cap of $733.04 million, a price-to-earnings ratio of -156.69, a price-to-earnings-growth ratio of 2.61 and a beta of 1.84. The stock has a 50 day simple moving average of $29.81 and a 200-day simple moving average of $26.97. BJ’s Restaurants has a 12-month low of $20.15 and a 12-month high of $35.59. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 0.15.

BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last issued its earnings results on Thursday, October 20th. The restaurant operator reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.03. The business had revenue of $311.35 million during the quarter, compared to the consensus estimate of $304.02 million. BJ’s Restaurants had a negative return on equity of 1.91% and a negative net margin of 0.37%. On average, equities analysts forecast that BJ’s Restaurants will post 0.09 EPS for the current year.

BJ’s Restaurants Company Profile

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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.