BJ's Restaurants (NASDAQ:BJRI - Get Free Report) had its price objective hoisted by stock analysts at Barclays from $32.00 to $34.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the restaurant operator's stock. Barclays's price objective indicates a potential downside of 3.52% from the company's previous close.
BJRI has been the topic of a number of other research reports. Piper Sandler upped their target price on BJ's Restaurants from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note 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, Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $38.33.
Check Out Our Latest Analysis on BJ's Restaurants
BJ's Restaurants Stock Performance
BJ's Restaurants stock traded down $1.41 during mid-day trading on Tuesday, reaching $35.24. 239,332 shares of the company traded hands, compared to its average volume of 226,633. The firm's fifty day moving average is $35.94 and its two-hundred day moving average is $33.97. The company has a market capitalization of $804.07 million, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 2.06 and a beta of 2.10. BJ's Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analysts' expectations of $324.97 million. BJ's Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS. On average, equities research analysts expect that BJ's Restaurants will post 1.26 earnings per share for the current fiscal year.
Insider Buying and Selling at BJ's Restaurants
In other BJ's Restaurants news, insider Brian S. Krakower sold 2,313 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares of the company's stock, valued at $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.90% of the company's stock.
Institutional Investors Weigh In On BJ's Restaurants
Several hedge funds and other institutional investors have recently made changes to their positions in BJRI. 272 Capital LP purchased a new position in BJ's Restaurants in the second quarter worth approximately $1,173,000. Landscape Capital Management L.L.C. grew its position in BJ's Restaurants by 75.9% in the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator's stock worth $2,696,000 after acquiring an additional 35,722 shares during the period. Eagle Asset Management Inc. purchased a new position in BJ's Restaurants in the third quarter worth approximately $4,310,000. SG Americas Securities LLC purchased a new position in BJ's Restaurants in the third quarter worth approximately $500,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in BJ's Restaurants in the third quarter worth approximately $2,064,000. Institutional investors and hedge funds own 99.95% of the company's stock.
About BJ's Restaurants
(
Get Free Report)
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.
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