BJ’s Restaurants (NASDAQ:BJRI) Trading Down 7.3%

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BJ’s Restaurants, Inc. (NASDAQ:BJRI)’s stock price was down 7.3% on Wednesday . The stock traded as low as $33.35 and last traded at $33.36, approximately 1,030,516 shares were traded during mid-day trading. An increase of 90% from the average daily volume of 541,799 shares. The stock had previously closed at $35.97.

Several equities analysts have weighed in on BJRI shares. Robert W. Baird decreased their target price on shares of BJ’s Restaurants from $53.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Barclays set a $32.00 target price on shares of BJ’s Restaurants and gave the company a “sell” rating in a report on Friday, July 26th. Wedbush decreased their target price on shares of BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Deutsche Bank started coverage on shares of BJ’s Restaurants in a report on Friday, June 28th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Wells Fargo & Co boosted their target price on shares of BJ’s Restaurants from $44.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.67.

The company has a fifty day moving average of $40.61. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.37 and a quick ratio of 0.30. The company has a market cap of $692.81 million, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The company had revenue of $301.09 million during the quarter, compared to analyst estimates of $300.35 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that BJ’s Restaurants, Inc. will post 1.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. BJ’s Restaurants’s dividend payout ratio is currently 20.43%.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of BJ’s Restaurants by 1.6% in the fourth quarter. Legal & General Group Plc now owns 50,740 shares of the restaurant operator’s stock worth $2,561,000 after buying an additional 779 shares during the period. Norges Bank purchased a new position in shares of BJ’s Restaurants in the fourth quarter worth about $20,275,000. FNY Investment Advisers LLC purchased a new position in shares of BJ’s Restaurants in the first quarter worth about $34,000. Brinker Capital Inc. increased its holdings in shares of BJ’s Restaurants by 7.4% in the first quarter. Brinker Capital Inc. now owns 14,659 shares of the restaurant operator’s stock worth $693,000 after buying an additional 1,008 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of BJ’s Restaurants by 97.4% in the first quarter. BNP Paribas Arbitrage SA now owns 6,252 shares of the restaurant operator’s stock worth $296,000 after buying an additional 3,085 shares during the period.

About BJ’s Restaurants (NASDAQ:BJRI)

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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

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