BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives $39.67 Average Price Target from Analysts

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has received a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $39.6667.

A number of equities research analysts recently issued reports on the stock. Benchmark upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, August 4th. Zacks Research cut shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a report on Monday. Piper Sandler upped their price target on shares of BJ’s Restaurants from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Wall Street Zen cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Restaurants in a report on Wednesday, October 8th.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, VP Alex Puchner sold 1,821 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $34.06, for a total transaction of $62,023.26. Following the completion of the sale, the vice president directly owned 10,622 shares in the company, valued at $361,785.32. This represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heidi Rogers sold 4,116 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $35.36, for a total transaction of $145,541.76. Following the sale, the senior vice president owned 7,144 shares of the company’s stock, valued at $252,611.84. This trade represents a 36.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,458 shares of company stock worth $545,656 over the last ninety days. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Several hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund Corp lifted its stake in shares of BJ’s Restaurants by 6.2% in the second quarter. Texas Permanent School Fund Corp now owns 12,511 shares of the restaurant operator’s stock valued at $558,000 after buying an additional 725 shares during the period. State of Wyoming lifted its stake in shares of BJ’s Restaurants by 466.1% in the second quarter. State of Wyoming now owns 9,142 shares of the restaurant operator’s stock valued at $408,000 after buying an additional 7,527 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of BJ’s Restaurants by 4.2% in the second quarter. Public Sector Pension Investment Board now owns 75,396 shares of the restaurant operator’s stock valued at $3,363,000 after buying an additional 3,041 shares during the period. JCP Investment Management LLC bought a new stake in shares of BJ’s Restaurants in the second quarter valued at about $5,575,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of BJ’s Restaurants by 356.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,492 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 2,727 shares during the period. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Up 0.6%

Shares of NASDAQ:BJRI opened at $32.18 on Friday. The stock has a market capitalization of $711.82 million, a PE ratio of 27.04, a P/E/G ratio of 1.07 and a beta of 1.34. BJ’s Restaurants has a 1 year low of $28.92 and a 1 year high of $47.02. The firm has a fifty day moving average price of $32.44 and a 200 day moving average price of $37.03. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. The firm had revenue of $365.60 million during the quarter, compared to analysts’ expectations of $362.74 million. BJ’s Restaurants had a net margin of 1.99% and a return on equity of 11.73%. BJ’s Restaurants’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Analysts expect that BJ’s Restaurants will post 1.5 EPS for the current fiscal year.

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 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.