BJ’s Restaurants (BJRI) Upgraded at BidaskClub
BidaskClub upgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from a buy rating to a strong-buy rating in a report published on Tuesday.
A number of other research analysts have also recently commented on the company. Maxim Group assumed coverage on BJ’s Restaurants in a research note on Wednesday, August 22nd. They set a buy rating and a $81.00 price target on the stock. ValuEngine upgraded BJ’s Restaurants from a buy rating to a strong-buy rating in a research note on Saturday, July 28th. Wedbush upped their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the stock an outperform rating in a research note on Friday, July 27th. Piper Jaffray Companies upped their price target on BJ’s Restaurants from $60.00 to $75.00 and gave the stock a neutral rating in a research note on Friday, July 27th. Finally, Stifel Nicolaus upped their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the stock a buy rating in a research note on Friday, July 27th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. BJ’s Restaurants has a consensus rating of Buy and an average price target of $59.58.
NASDAQ:BJRI opened at $73.90 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $75.18. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.25 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Monday, August 13th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, August 10th. BJ’s Restaurants’s payout ratio is currently 31.21%.
In other news, insider Alex Puchner sold 3,907 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $62.63, for a total value of $244,695.41. Following the sale, the insider now directly owns 4,480 shares in the company, valued at $280,582.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Kevin E. Mayer sold 925 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $62.85, for a total value of $58,136.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,326 shares of company stock worth $9,945,935. Insiders own 6.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in BJ’s Restaurants by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 299,165 shares of the restaurant operator’s stock valued at $17,949,000 after buying an additional 22,738 shares during the last quarter. HWG Holdings LP purchased a new position in BJ’s Restaurants in the second quarter valued at $1,413,000. WINTON GROUP Ltd purchased a new position in BJ’s Restaurants in the second quarter valued at $10,884,000. Castleark Management LLC purchased a new position in BJ’s Restaurants in the second quarter valued at $13,702,000. Finally, MetLife Investment Advisors LLC purchased a new position in BJ’s Restaurants in the second quarter valued at $545,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
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. As of June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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