Brokerages Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) Target Price at $38.00

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) has received an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $38.00.

A number of research firms have recently weighed in on BJRI. Barclays upped their price target on shares of BJ’s Restaurants from $33.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, July 17th. Sanford C. Bernstein set a $33.00 target price on shares of BJ’s Restaurants and gave the company an “underweight” rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th.

Check Out Our Latest Report on BJRI

BJ’s Restaurants Trading Up 1.1%

NASDAQ:BJRI opened at $36.72 on Monday. The firm has a market cap of $812.25 million, a P/E ratio of 39.06, a PEG ratio of 1.36 and a beta of 1.56. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $43.06 and its 200-day simple moving average is $38.11. BJ’s Restaurants has a 12-month low of $27.61 and a 12-month high of $47.02.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. The firm had revenue of $347.97 million for the quarter, compared to analyst estimates of $347.70 million. BJ’s Restaurants had a net margin of 1.64% and a return on equity of 10.35%. BJ’s Restaurants’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. Equities analysts anticipate that BJ’s Restaurants will post 1.5 EPS for the current year.

Insider Buying and Selling

In other news, Director Greg Trojan sold 146,102 shares of BJ’s Restaurants stock in a transaction on Friday, May 16th. The stock was sold at an average price of $44.63, for a total value of $6,520,532.26. Following the completion of the sale, the director owned 19,896 shares of the company’s stock, valued at $887,958.48. The trade was a 88.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian S. Krakower sold 3,738 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.32, for a total value of $165,668.16. Following the completion of the transaction, the insider owned 4,579 shares of the company’s stock, valued at $202,941.28. The trade was a 44.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BJ’s Restaurants by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator’s stock valued at $379,000 after purchasing an additional 342 shares during the period. Headlands Technologies LLC boosted its holdings in shares of BJ’s Restaurants by 12.0% in the 1st quarter. Headlands Technologies LLC now owns 3,438 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 369 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of BJ’s Restaurants by 4.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,172 shares of the restaurant operator’s stock valued at $586,000 after buying an additional 529 shares during the period. US Bancorp DE grew its stake in shares of BJ’s Restaurants by 51.8% during the 1st quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 985 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of BJ’s Restaurants by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator’s stock worth $709,000 after buying an additional 1,486 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants Company Profile

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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.

Further Reading

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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