BJ’s Restaurants, Inc. (NASDAQ:BJRI) Given Consensus Recommendation of “Hold” by Brokerages

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

Several equities analysts recently commented on BJRI shares. Piper Sandler raised their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Barclays dropped their target price on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st.

Insider Activity

In other news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 5,339 shares in the company, valued at approximately $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position 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 acquiring an additional 719 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in BJ’s Restaurants in the second quarter worth about $40,000. US Bancorp DE raised 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 worth $50,000 after purchasing an additional 906 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in BJ’s Restaurants during the 2nd quarter valued at about $57,000. Finally, Headlands Technologies LLC boosted its stake in shares of BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Down 1.1 %

Shares of BJRI stock opened at $34.75 on Friday. The firm has a fifty day moving average of $35.92 and a 200-day moving average of $33.92. The stock has a market cap of $792.89 million, a price-to-earnings ratio of 27.80, a P/E/G ratio of 2.06 and a beta of 2.08. BJ’s Restaurants has a 52-week low of $27.61 and a 52-week high of $38.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million during the quarter, compared to analyst estimates 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 for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company earned ($0.16) EPS. On average, equities research analysts forecast that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

About BJ’s Restaurants

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.