BJ's Restaurants, Inc. (BJRI) Receives Consensus Recommendation of “Hold” from Analysts
BJ's Restaurants, Inc. (NASDAQ:BJRI) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.00.
Several equities analysts have weighed in on the company. Zacks Investment Research raised BJ's Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 target price on shares of BJ's Restaurants in a research note on Monday, January 8th. Stifel Nicolaus raised BJ's Restaurants from a “hold” rating to a “buy” rating and increased their target price for the company from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Barclays cut their target price on BJ's Restaurants from $29.00 to $27.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Finally, Wells Fargo & Co dropped their price target on BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 18th.
BJ's Restaurants (NASDAQ:BJRI) traded down $0.05 during trading hours on Monday, reaching $37.70. The company’s stock had a trading volume of 308,500 shares, compared to its average volume of 431,089. BJ's Restaurants has a 1 year low of $28.00 and a 1 year high of $47.55. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $777.88, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96.
In related news, Director Patrick Walsh sold 37,764 shares of BJ's Restaurants stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total value of $1,192,964.76. Following the sale, the director now owns 19,844 shares of the company’s stock, valued at approximately $626,871.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory Levin sold 7,209 shares of BJ's Restaurants stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total value of $245,178.09. Following the completion of the sale, the chief financial officer now directly owns 45,672 shares in the company, valued at approximately $1,553,304.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in BJ's Restaurants by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 657 shares during the last quarter. SG Americas Securities LLC raised its position in BJ's Restaurants by 20.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 877 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in BJ's Restaurants by 59.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 2,620 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in BJ's Restaurants in the 2nd quarter valued at approximately $231,000. Finally, Macquarie Group Ltd. acquired a new stake in BJ's Restaurants in the 3rd quarter valued at approximately $292,000. 92.12% of the stock is currently owned by institutional investors and hedge funds.
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BJ's Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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