BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives Consensus Rating of “Hold” from Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.6667.

Several analysts have commented on BJRI shares. Wall Street Zen upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, August 4th. Barclays increased their price target on BJ’s Restaurants from $33.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Finally, Piper Sandler increased their price target on BJ’s Restaurants from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 1st.

Insider Activity

In related news, SVP Heidi Rogers sold 4,116 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $35.36, for a total value of $145,541.76. Following the transaction, the senior vice president directly owned 7,144 shares of the company’s stock, valued at approximately $252,611.84. This trade represents a 36.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Alex Puchner sold 1,821 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $34.06, for a total value of $62,023.26. Following the completion of the transaction, the vice president directly owned 10,622 shares in the company, valued at approximately $361,785.32. This represents a 14.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,458 shares of company stock valued at $545,656 in the last ninety days. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors have recently bought and sold shares of BJRI. Northern Trust Corp raised its holdings in BJ’s Restaurants by 9.2% in the 4th quarter. Northern Trust Corp now owns 229,029 shares of the restaurant operator’s stock worth $8,047,000 after purchasing an additional 19,239 shares during the period. Deutsche Bank AG raised its holdings in BJ’s Restaurants by 10.6% in the 4th quarter. Deutsche Bank AG now owns 55,406 shares of the restaurant operator’s stock worth $1,947,000 after purchasing an additional 5,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BJ’s Restaurants by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 342 shares during the period. Nuveen Asset Management LLC increased its stake in BJ’s Restaurants by 45.4% in the 4th quarter. Nuveen Asset Management LLC now owns 243,267 shares of the restaurant operator’s stock worth $8,547,000 after buying an additional 75,936 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in BJ’s Restaurants in the 4th quarter worth $203,000. 99.95% of the stock is owned by institutional investors.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $31.07 on Tuesday. The business’s fifty day simple moving average is $36.03 and its two-hundred day simple moving average is $37.67. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.16. BJ’s Restaurants has a 12 month low of $28.92 and a 12 month high of $47.02. The company has a market cap of $687.27 million, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.05 and a beta of 1.37.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 EPS for the quarter, beating the consensus estimate of $0.69 by $0.28. BJ’s Restaurants had a return on equity of 11.73% and a net margin of 1.99%.The business had revenue of $365.60 million for the quarter, compared to the consensus estimate of $362.74 million. During the same period last year, the business posted $0.72 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that BJ’s Restaurants will post 1.5 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.