BJ’s Restaurants (BJRI) to Release Earnings on Thursday

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect BJ’s Restaurants to post earnings of $0.28 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

BJ’s Restaurants Stock Performance

Shares of BJ’s Restaurants stock opened at $36.59 on Tuesday. The firm has a fifty day moving average of $33.72 and a two-hundred day moving average of $30.14. The stock has a market capitalization of $848.89 million, a price-to-earnings ratio of 55.44, a PEG ratio of 1.90 and a beta of 2.13. BJ’s Restaurants has a 52 week low of $21.64 and a 52 week high of $37.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.34.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler upped their target price on shares of BJ’s Restaurants from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Stephens reiterated an “equal weight” rating and set a $35.00 target price on shares of BJ’s Restaurants in a research report on Monday, November 20th. Barclays upped their target price on shares of BJ’s Restaurants from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, January 3rd. Oppenheimer upped their price objective on shares of BJ’s Restaurants from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Citigroup lowered their price objective on shares of BJ’s Restaurants from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and a consensus price target of $35.80.

Check Out Our Latest Analysis on BJ’s Restaurants

Insiders Place Their Bets

In other BJ’s Restaurants news, Director Peter A. Bassi sold 3,749 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $32.18, for a total transaction of $120,642.82. Following the completion of the transaction, the director now owns 20,630 shares in the company, valued at approximately $663,873.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 5,061 shares of company stock worth $163,368. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds have recently modified their holdings of BJRI. State of Wyoming bought a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new position in shares of BJ’s Restaurants in the 1st quarter valued at about $30,000. Lazard Asset Management LLC bought a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $41,000. Captrust Financial Advisors grew its holdings in shares of BJ’s Restaurants by 29.6% in the 1st quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 579 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of BJ’s Restaurants by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,877 shares of the restaurant operator’s stock valued at $76,000 after acquiring an additional 510 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

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BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.

Further Reading

Earnings History for BJ's Restaurants (NASDAQ:BJRI)

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