Analysts Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) Target Price at $56.88

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.8750.

A number of brokerages have commented on BJRI. Mizuho set a $74.00 target price on shares of BJ’s Restaurants in a report on Friday, July 31st. DA Davidson set a $65.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 31st. Citigroup boosted their price objective on shares of BJ’s Restaurants from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Zacks Research upgraded BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, William Blair upgraded shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research note on Friday, July 17th.

Check Out Our Latest Analysis on BJRI

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, EVP Brian S. Krakower sold 7,341 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.17, for a total transaction of $405,002.97. Following the completion of the transaction, the executive vice president owned 4,721 shares of the company’s stock, valued at $260,457.57. This represents a 60.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kendra D. Miller sold 2,978 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $69.80, for a total value of $207,864.40. Following the completion of the sale, the executive vice president owned 25,621 shares in the company, valued at $1,788,345.80. This represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 124,077 shares of company stock worth $7,676,952 in the last three months. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth about $220,000. California State Teachers Retirement System grew its position in BJ’s Restaurants by 5,787.3% in the second quarter. California State Teachers Retirement System now owns 1,161,982 shares of the restaurant operator’s stock worth $70,579,000 after acquiring an additional 1,142,245 shares in the last quarter. AXQ Capital LP bought a new stake in BJ’s Restaurants during the second quarter worth approximately $204,000. Ancora Advisors LLC raised its position in BJ’s Restaurants by 141.5% during the second quarter. Ancora Advisors LLC now owns 28,960 shares of the restaurant operator’s stock valued at $1,759,000 after purchasing an additional 16,970 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BJ’s Restaurants by 13.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,997 shares of the restaurant operator’s stock valued at $1,943,000 after purchasing an additional 3,857 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $59.89 on Tuesday. The stock’s 50-day simple moving average is $64.89 and its two-hundred day simple moving average is $49.72. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 1.81 and a beta of 1.30. BJ’s Restaurants has a 52-week low of $28.46 and a 52-week high of $74.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Analysts expect that BJ’s Restaurants will post 2.37 EPS for the current year.

About BJ’s Restaurants

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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.

Further Reading

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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