BJ's Restaurants, Inc. (BJRI) Receives $40.56 Consensus Target Price from Brokerages
BJ's Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $40.56.
Several equities research analysts have issued reports on BJRI shares. Zacks Investment Research downgraded shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Stifel Nicolaus upgraded shares of BJ's Restaurants from a “hold” rating to a “buy” rating and upped their target price for the company from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Canaccord Genuity restated a “buy” rating and issued a $45.00 target price on shares of BJ's Restaurants in a research note on Monday, January 8th. Barclays restated an “underweight” rating and issued a $30.00 target price (up from $27.00) on shares of BJ's Restaurants in a research note on Tuesday, January 16th. Finally, Wedbush upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $44.00 in a research note on Thursday, February 15th.
In other BJ's Restaurants news, Director Gerald W. Deitchle sold 161,703 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $43.55, for a total transaction of $7,042,165.65. Following the sale, the director now directly owns 80,548 shares of the company’s stock, valued at $3,507,865.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex Puchner sold 3,660 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $44.29, for a total transaction of $162,101.40. Following the sale, the insider now directly owns 2,323 shares in the company, valued at $102,885.67. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.
BJ's Restaurants (NASDAQ BJRI) traded up $1.35 on Tuesday, reaching $44.20. 461,147 shares of the company’s stock traded hands, compared to its average volume of 497,315. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.63. BJ's Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55. The stock has a market capitalization of $906.28, a P/E ratio of 30.91, a P/E/G ratio of 1.62 and a beta of 0.81.
BJ's Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. BJ's Restaurants had a net margin of 4.34% and a return on equity of 12.07%. The company had revenue of $261.10 million during the quarter, compared to the consensus estimate of $259.34 million. During the same period in the previous year, the firm earned $0.52 earnings per share. BJ's Restaurants’s revenue for the quarter was down 1.7% on a year-over-year basis. equities research analysts anticipate that BJ's Restaurants will post 1.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be issued a $0.11 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.44 annualized dividend and a yield of 1.00%. BJ's Restaurants’s dividend payout ratio is presently 5.26%.
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About BJ's Restaurants
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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