BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $38.30 Consensus Price Target from Brokerages

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.30.

A number of equities research analysts recently weighed in on BJRI shares. Citigroup lifted their target price on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Stephens restated an “equal weight” rating and issued a $35.00 target price on shares of BJ’s Restaurants in a research note on Friday, February 16th. TheStreet upgraded shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research note on Friday, February 16th. Benchmark raised their price objective on shares of BJ’s Restaurants from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays upped their target price on shares of BJ’s Restaurants from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday.

BJ’s Restaurants Stock Down 0.1 %

Shares of BJRI stock opened at $34.64 on Friday. BJ’s Restaurants has a 12 month low of $21.64 and a 12 month high of $38.76. The company has a quick ratio of 0.35, a current ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $809.88 million, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.01 and a beta of 2.12. The stock has a 50 day moving average of $34.52 and a 200-day moving average of $32.85.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 EPS for the quarter, beating the consensus estimate of $0.15 by $0.17. The firm had revenue of $337.33 million during the quarter, compared to analysts’ expectations of $335.35 million. BJ’s Restaurants had a net margin of 1.80% and a return on equity of 6.51%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. On average, equities analysts predict that BJ’s Restaurants will post 1.23 EPS for the current year.

Insider Transactions at BJ’s Restaurants

In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the transaction, the insider now owns 2,326,476 shares in the company, valued at approximately $82,659,692.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Alex Puchner sold 7,713 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $38.25, for a total value of $295,022.25. Following the transaction, the vice president now owns 12,222 shares of the company’s stock, valued at approximately $467,491.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the completion of the transaction, the insider now directly owns 2,326,476 shares in the company, valued at $82,659,692.28. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in BJ’s Restaurants in the third quarter valued at about $42,000. Quadrant Capital Group LLC increased its stake in BJ’s Restaurants by 141.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in BJ’s Restaurants in the third quarter worth $67,000. C M Bidwell & Associates Ltd. acquired a new position in shares of BJ’s Restaurants in the 3rd quarter valued at $95,000. Finally, Quest Partners LLC bought a new stake in shares of BJ’s Restaurants in the 4th quarter valued at $95,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.