Brokerages Set BJ's Restaurants, Inc. (NASDAQ:BJRI) PT at $38.43

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.43.

BJRI has been the subject of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $43.00 price objective on shares of BJ's Restaurants in a research note on Thursday, August 29th. Benchmark downgraded BJ's Restaurants from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Finally, Barclays cut their price objective on shares of BJ's Restaurants from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Friday, July 26th.

Insider Transactions at BJ's Restaurants

In other BJ's Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at $497,007. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On BJ's Restaurants

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of BJ's Restaurants in the second quarter valued at $40,000. EntryPoint Capital LLC purchased a new stake in BJ's Restaurants in the 1st quarter worth about $45,000. 1620 Investment Advisors Inc. bought a new stake in BJ's Restaurants in the second quarter worth about $57,000. Headlands Technologies LLC boosted its position 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 buying an additional 1,328 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of BJ's Restaurants during the second quarter valued at approximately $187,000. 99.95% of the stock is owned by institutional investors.

BJ's Restaurants Price Performance

Shares of BJRI traded up $0.10 during mid-day trading on Friday, reaching $35.87. The stock had a trading volume of 259,360 shares, compared to its average volume of 386,873. The business has a fifty day moving average of $32.34 and a 200 day moving average of $33.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35. The firm has a market cap of $838.75 million, a price-to-earnings ratio of 35.87, a PEG ratio of 1.66 and a beta of 2.12. BJ's Restaurants has a 12 month low of $22.35 and a 12 month high of $38.87.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.21. The company had revenue of $349.93 million during the quarter, compared to the consensus estimate of $349.18 million. BJ's Restaurants had a net margin of 2.19% and a return on equity of 7.83%. BJ's Restaurants's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities analysts predict that BJ's Restaurants will post 1.42 EPS for the current year.

About BJ's Restaurants

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.