BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $42.00 Average PT from Analysts

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have received a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.00.

Several equities research analysts have weighed in on the company. Benchmark increased their price objective on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Piper Sandler boosted their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays decreased their target price on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a report on Wednesday, May 6th. Mizuho dropped their target price on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Citigroup dropped their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $60.60 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.31. BJ’s Restaurants has a fifty-two week low of $28.46 and a fifty-two week high of $63.91. The stock has a 50 day moving average price of $50.62 and a two-hundred day moving average price of $43.39. The company has a market capitalization of $1.27 billion, a P/E ratio of 30.61, a PEG ratio of 2.00 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The firm had revenue of $358.12 million for the quarter, compared to the consensus estimate of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. Analysts expect that BJ’s Restaurants will post 2.21 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Restaurants news, CMO Heidi Rogers sold 3,090 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $53.21, for a total value of $164,418.90. Following the completion of the sale, the chief marketing officer directly owned 9,265 shares in the company, valued at $492,990.65. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kendra D. Miller sold 19,261 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.60, for a total value of $1,070,911.60. Following the transaction, the executive vice president owned 28,599 shares in the company, valued at $1,590,104.40. This trade represents a 40.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,817 shares of company stock valued at $3,384,688 over the last quarter. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd increased its holdings in BJ’s Restaurants by 114.7% in the 4th quarter. WINTON GROUP Ltd now owns 74,958 shares of the restaurant operator’s stock worth $2,953,000 after acquiring an additional 40,037 shares in the last quarter. Legato Capital Management LLC purchased a new position in BJ’s Restaurants during the fourth quarter valued at approximately $1,148,000. Landscape Capital Management L.L.C. bought a new position in shares of BJ’s Restaurants in the fourth quarter worth approximately $5,724,000. Burney Co. bought a new position in shares of BJ’s Restaurants in the first quarter worth approximately $3,990,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of BJ’s Restaurants in the fourth quarter worth approximately $3,107,000. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.