BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock Has Average Target Price of $56.88

by · The Markets Daily

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Free Report) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.88.

BJRI has been the subject of a number of recent research reports. DA Davidson set a $65.00 price target on BJ’s Restaurants in a research note on Friday, July 31st. 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. Citigroup raised their price objective on shares of BJ’s Restaurants from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Zacks Research lowered shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings cut shares of BJ’s Restaurants from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th.

Get Our Latest Stock Report on BJ’s Restaurants

BJ’s Restaurants Stock Performance

BJRI stock opened at $60.02 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. BJ’s Restaurants has a 1 year low of $28.46 and a 1 year high of $74.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22. The stock’s fifty day moving average price is $64.63 and its 200-day moving average price is $52.07.

BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%.BJ’s Restaurants’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, equities analysts forecast that BJ’s Restaurants will post 2.37 earnings per share for the current year.

Insider Buying and Selling at BJ’s Restaurants

In other news, Director Noah A. Elbogen sold 7,535 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $70.14, for a total value of $528,504.90. Following the completion of the sale, the director directly owned 71,655 shares in the company, valued at $5,025,881.70. This represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Richmond bought 753 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $63.25 per share, for a total transaction of $47,627.25. Following the completion of the transaction, the director directly owned 35,500 shares of the company’s stock, valued at $2,245,375. This represents a 2.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 67,784 shares of company stock worth $4,648,326. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at $9,476,000. WINTON GROUP Ltd increased its stake in BJ’s Restaurants by 114.7% in the 4th quarter. WINTON GROUP Ltd now owns 74,958 shares of the restaurant operator’s stock worth $2,953,000 after buying an additional 40,037 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in BJ’s Restaurants during the fourth quarter valued at about $5,724,000. Canada Pension Plan Investment Board bought a new stake in BJ’s Restaurants during the second quarter valued at about $1,713,000. Finally, Legal & General Group Plc bought a new stake in BJ’s Restaurants during the second quarter valued at about $2,697,000. Institutional investors own 99.95% of the company’s stock.

About BJ’s Restaurants

(Get Free Report)

BJ’s Restaurants, Inc operates casual dining restaurants under the BJ’s Restaurant & Brewhouse brand. Its restaurants offer a broad menu that includes deep-dish and tavern-style pizzas, burgers, salads, sandwiches, pasta, entrees, desserts and other American-style cuisine.

The company is also known for its handcrafted beer program, which includes a range of house-brewed beers served alongside its food offerings. BJ’s restaurants generally combine full-service dining with a casual, family-friendly atmosphere and operate in locations across the United States.

BJ’s Restaurants traces its origins to 1978, when its first location opened in Southern California.

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