Piper Sandler Trims BJ’s Restaurants (NASDAQ:BJRI) Target Price to $28.00

BJ’s Restaurants (NASDAQ:BJRI) had its price target reduced by Piper Sandler from $37.00 to $28.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective would suggest a potential upside of 8.86% from the company’s current price.

Several other research analysts have also issued reports on BJRI. Robert W. Baird raised their target price on BJ’s Restaurants from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Jefferies Financial Group raised their target price on BJ’s Restaurants from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Benchmark restated a “buy” rating and issued a $41.00 target price on shares of BJ’s Restaurants in a research note on Monday. Wedbush lifted their price target on shares of BJ’s Restaurants from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Citigroup cut their target price on shares of BJ’s Restaurants from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $35.10.

BJ’s Restaurants Stock Up 0.7 %

Shares of NASDAQ:BJRI opened at $25.72 on Monday. The firm has a market cap of $606.22 million, a P/E ratio of 38.97, a P/E/G ratio of 1.94 and a beta of 1.98. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.17. BJ’s Restaurants has a 12-month low of $21.64 and a 12-month high of $37.83. The business has a fifty day simple moving average of $25.54 and a 200 day simple moving average of $29.68.

Insider Transactions at BJ’s Restaurants

In other news, CEO Gregory Levin bought 1,500 shares of BJ’s Restaurants stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $33.05 per share, with a total value of $49,575.00. Following the completion of the purchase, the chief executive officer now directly owns 92,957 shares of the company’s stock, valued at $3,072,228.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BJRI. Invesco Ltd. lifted its position in shares of BJ’s Restaurants by 51.7% during the 1st quarter. Invesco Ltd. now owns 733,423 shares of the restaurant operator’s stock worth $20,756,000 after buying an additional 249,932 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of BJ’s Restaurants during the 2nd quarter worth $7,324,000. BlackRock Inc. grew its stake in BJ’s Restaurants by 4.9% in the 3rd quarter. BlackRock Inc. now owns 4,351,308 shares of the restaurant operator’s stock valued at $103,777,000 after acquiring an additional 202,372 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in BJ’s Restaurants in the 1st quarter valued at about $5,868,000. Finally, Neuberger Berman Group LLC lifted its holdings in BJ’s Restaurants by 38.5% in the 1st quarter. Neuberger Berman Group LLC now owns 722,681 shares of the restaurant operator’s stock valued at $20,452,000 after purchasing an additional 201,059 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

About BJ’s Restaurants

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. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.