BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.57 Consensus Target Price from Brokerages

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $38.57.

A number of brokerages recently weighed in on BJRI. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays decreased their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, November 1st.

Insider Buying and Selling at BJ’s Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now directly owns 5,339 shares in the company, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Bradford Richmond acquired 2,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. This represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its holdings in shares of BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 719 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in BJ’s Restaurants during the second quarter valued at about $40,000. EntryPoint Capital LLC purchased a new position in shares of BJ’s Restaurants in the first quarter worth about $45,000. US Bancorp DE boosted its holdings in BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 906 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in BJ’s Restaurants in the 2nd quarter worth approximately $57,000. 99.95% of the stock is currently owned by institutional investors.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $37.06 on Wednesday. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $38.87. The company’s 50 day moving average price is $34.48 and its two-hundred day moving average price is $33.73. The stock has a market cap of $845.60 million, a P/E ratio of 29.77, a P/E/G ratio of 2.00 and a beta of 2.10. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. On average, equities analysts predict that BJ’s Restaurants will post 1.26 earnings per share for the current 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.