BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report)'s stock price reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $41.72 and last traded at $38.46, with a volume of 70230 shares traded. The stock had previously closed at $35.74.
The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The business had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Piper Sandler increased their price target on BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Wedbush upped their price objective on BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday. Gordon Haskett raised BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Barclays raised their target price on shares of BJ's Restaurants from $34.00 to $37.00 and gave the company an "underweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, BJ's Restaurants currently has an average rating of "Hold" and an average target price of $40.40.
View Our Latest Stock Report on BJRI
Hedge Funds Weigh In On BJ's Restaurants
A number of institutional investors and hedge funds have recently modified their holdings of BJRI. Quarry LP raised its holdings in BJ's Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock valued at $26,000 after buying an additional 719 shares during the period. US Bancorp DE boosted its stake in BJ's Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator's stock worth $50,000 after buying an additional 906 shares during the period. Headlands Technologies LLC bought a new position in BJ's Restaurants during the fourth quarter valued at $108,000. Arizona State Retirement System purchased a new stake in shares of BJ's Restaurants in the fourth quarter valued at $200,000. Finally, Two Sigma Securities LLC bought a new stake in shares of BJ's Restaurants in the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 99.95% of the company's stock.
BJ's Restaurants Stock Performance
The stock has a market capitalization of $881.54 million, a PE ratio of 56.81, a PEG ratio of 1.81 and a beta of 2.11. The business's 50 day moving average is $35.59 and its 200 day moving average is $34.29. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.
BJ's Restaurants Company Profile
(
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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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