Shares of BJ’s Restaurants Inc. (NASDAQ:BJRI) have been given an average recommendation of “Hold” by the thirteen analysts that are covering the firm. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.43.

Several research firms recently weighed in on BJRI. Canaccord Genuity began coverage on shares of BJ’s Restaurants in a research note on Monday, August 22nd. They issued a “hold” rating and a $43.00 target price for the company. Jefferies Group reiterated a “hold” rating on shares of BJ’s Restaurants in a research note on Wednesday, August 3rd. Barclays PLC reduced their target price on shares of BJ’s Restaurants from $38.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, October 20th. Wedbush cut their price target on shares of BJ’s Restaurants from $55.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Finally, Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, October 24th.

In related news, major shareholder Luxor Capital Group, Lp sold 40,108 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $36.49, for a total value of $1,463,540.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory Levin purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was bought at an average cost of $33.72 per share, with a total value of $50,580.00. The disclosure for this purchase can be found here. 7.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. PineBridge Investments L.P. boosted its position in shares of BJ’s Restaurants by 1.6% in the second quarter. PineBridge Investments L.P. now owns 2,467 shares of the company’s stock worth $108,000 after buying an additional 38 shares during the last quarter. Comerica Bank boosted its position in shares of BJ’s Restaurants by 0.4% in the second quarter. Comerica Bank now owns 17,169 shares of the company’s stock worth $697,000 after buying an additional 63 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of BJ’s Restaurants by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,390 shares of the company’s stock worth $156,000 after buying an additional 70 shares during the last quarter. American International Group Inc. boosted its position in shares of BJ’s Restaurants by 0.6% in the second quarter. American International Group Inc. now owns 16,774 shares of the company’s stock worth $735,000 after buying an additional 99 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of BJ’s Restaurants by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the company’s stock worth $316,000 after buying an additional 100 shares during the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

Shares of BJ’s Restaurants (NASDAQ:BJRI) opened at 39.25 on Tuesday. The firm has a market capitalization of $912.88 million, a P/E ratio of 22.30 and a beta of 0.97. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $40.81. BJ’s Restaurants has a 52-week low of $32.24 and a 52-week high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Wednesday, October 19th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. BJ’s Restaurants had a net margin of 4.54% and a return on equity of 13.91%. The company earned $233.70 million during the quarter, compared to the consensus estimate of $239.64 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that BJ’s Restaurants will post $1.74 EPS for the current year.

About BJ’s Restaurants

BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.

5 Day Chart for NASDAQ:BJRI

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