BJ’s Restaurants (BJRI) Sets New 1-Year Low at $41.22
BJ’s Restaurants, Inc. (NASDAQ:BJRI) shares hit a new 52-week low during trading on Monday . The stock traded as low as $41.22 and last traded at $41.87, with a volume of 117298 shares traded. The stock had previously closed at $41.89.
Several research analysts have recently commented on the company. Wells Fargo & Co cut their price objective on BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, February 14th. BidaskClub raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Maxim Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of BJ’s Restaurants in a research note on Wednesday, February 13th. Zacks Investment Research raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, ValuEngine lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Three analysts have 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. The company currently has an average rating of “Hold” and a consensus target price of $65.20.
The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $868.56 million, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.15%. BJ’s Restaurants’s dividend payout ratio (DPR) is 20.43%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of BJ’s Restaurants by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,268 shares of the restaurant operator’s stock valued at $266,000 after buying an additional 205 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in BJ’s Restaurants by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,737 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 215 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in BJ’s Restaurants by 4.5% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 5,056 shares of the restaurant operator’s stock worth $256,000 after purchasing an additional 220 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BJ’s Restaurants by 29.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 357 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in BJ’s Restaurants by 2.7% in the first quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock worth $677,000 after purchasing an additional 379 shares during the last quarter.
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About BJ’s Restaurants (NASDAQ:BJRI)
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. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.
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