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

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.57.

A number of equities analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research report on Friday, November 1st. Piper Sandler raised 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 reduced their price objective 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 Buying and Selling at BJ’s Restaurants

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BJRI. Emerald Advisers LLC increased its position in BJ’s Restaurants by 0.7% during the 3rd quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after purchasing an additional 4,009 shares in the last quarter. American Century Companies Inc. grew its stake in shares of BJ’s Restaurants by 27.5% during the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after buying an additional 114,008 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BJ’s Restaurants by 1.0% during the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock worth $16,056,000 after buying an additional 5,075 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BJ’s Restaurants by 13.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock valued at $11,150,000 after acquiring an additional 40,284 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of BJ’s Restaurants by 528.9% during the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after acquiring an additional 130,676 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $35.34 on Wednesday. The firm has a market cap of $806.46 million, a P/E ratio of 28.27, a PEG ratio of 1.95 and a beta of 2.10. BJ’s Restaurants has a twelve month low of $27.61 and a twelve month 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. The firm’s 50 day moving average price is $34.36 and its two-hundred day moving average price is $33.70.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company posted ($0.16) earnings per share. BJ’s Restaurants’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that BJ’s Restaurants will post 1.26 EPS 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.