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

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $56.8750.

A number of analysts have commented on BJRI shares. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Restaurants in a report on Friday. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. William Blair raised BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Barclays dropped their price objective on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a report on Wednesday, May 6th. Finally, DA Davidson set a $65.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 31st.

Insider Buying and Selling

In related news, EVP Gregory S. Lynds sold 25,350 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $67.47, for a total transaction of $1,710,364.50. Following the completion of the transaction, the executive vice president directly owned 46,474 shares in the company, valued at approximately $3,135,600.78. The trade was a 35.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kendra D. Miller sold 19,261 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.60, for a total transaction of $1,070,911.60. Following the sale, the executive vice president owned 28,599 shares in the company, valued at approximately $1,590,104.40. The trade was a 40.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 124,066 shares of company stock valued at $7,504,509 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of BJ’s Restaurants

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its holdings in BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after buying an additional 456 shares during the period. Quarry LP raised its holdings in BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 971 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of BJ’s Restaurants in the fourth quarter valued at about $63,000. US Bancorp DE lifted its position in shares of BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 418 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of BJ’s Restaurants by 77.5% in the second quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 1,012 shares during the period. 99.95% of the stock is currently owned by institutional investors.

BJ’s Restaurants Stock Down 1.6%

BJRI stock opened at $67.53 on Friday. BJ’s Restaurants has a twelve month low of $28.46 and a twelve month high of $74.60. The company has a quick ratio of 0.22, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.44 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.09 and a beta of 1.32. The business has a 50 day moving average of $59.91 and a 200 day moving average of $46.79.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $388.89 million for the quarter, compared to analysts’ expectations of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. BJ’s Restaurants’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, research analysts forecast that BJ’s Restaurants will post 2.35 EPS for the current fiscal year.

About BJ’s Restaurants

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.