BJ's Restaurants (NASDAQ:BJRI) Price Target Raised to $36.00 at Piper Sandler

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) had its target price hoisted by investment analysts at Piper Sandler from $35.00 to $36.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's target price indicates a potential upside of 7.66% from the stock's current price.

A number of other brokerages have also commented on BJRI. Wedbush reissued an "outperform" rating and set a $43.00 price target on shares of BJ's Restaurants in a research note on Friday. Barclays decreased their price target on shares of BJ's Restaurants from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Friday. Finally, Benchmark lowered shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, BJ's Restaurants has a consensus rating of "Hold" and a consensus target price of $38.57.

BJ's Restaurants Price Performance

NASDAQ:BJRI traded down $0.55 during trading hours on Monday, hitting $33.44. The company's stock had a trading volume of 349,928 shares, compared to its average volume of 389,973. BJ's Restaurants has a twelve month low of $26.25 and a twelve month high of $38.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27. The stock has a fifty day simple moving average of $32.88 and a 200-day simple moving average of $33.47. The company has a market capitalization of $781.93 million, a P/E ratio of 26.85, a PEG ratio of 1.86 and a beta of 2.10.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. BJ's Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ's Restaurants's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS. On average, analysts anticipate that BJ's Restaurants will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling at BJ's Restaurants

In other BJ's Restaurants news, CEO C Bradford Richmond acquired 2,500 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $29.40 per share, with a total value of $73,500.00. Following the transaction, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.90% of the company's stock.

Institutional Trading of BJ's Restaurants

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in BJ's Restaurants in the second quarter valued at $40,000. EntryPoint Capital LLC acquired a new position in BJ's Restaurants during the 1st quarter worth approximately $45,000. US Bancorp DE boosted its holdings in BJ's Restaurants by 142.9% in the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator's stock worth $50,000 after acquiring an additional 906 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in BJ's Restaurants in the second quarter valued at approximately $57,000. Finally, Headlands Technologies LLC increased its holdings in shares of BJ's Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator's stock valued at $65,000 after acquiring an additional 1,328 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

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.