BJRI has been the topic of a number of other reports. Maxim Group reaffirmed a “buy” rating and set a $55.00 price target (down from $59.00) on shares of BJ’s Restaurants in a report on Friday, July 26th. Guggenheim set a $50.00 price target on BJ’s Restaurants and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer lowered their price target on BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. ValuEngine downgraded BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Finally, Wedbush lowered their price target on BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $50.67.
BJ’s Restaurants stock opened at $35.85 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 1.68. The business’s fifty day simple moving average is $40.30 and its two-hundred day simple moving average is $45.33. BJ’s Restaurants has a 12 month low of $32.62 and a 12 month high of $76.50. The company has a market capitalization of $669.70 million, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.14 and a beta of 0.88.
BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 25th. The restaurant operator reported $0.68 EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $300.35 million. During the same period last year, the firm posted $0.79 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that BJ’s Restaurants will post 1.97 EPS for the current year.
In other news, Director Gerald W. Deitchle acquired 3,000 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $33.81 per share, for a total transaction of $101,430.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Greg Trojan acquired 14,400 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $32.92 per share, with a total value of $474,048.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in BJ’s Restaurants by 36.2% during the first quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 1,905 shares during the last quarter. Bessemer Group Inc. increased its position in BJ’s Restaurants by 2.5% in the second quarter. Bessemer Group Inc. now owns 83,109 shares of the restaurant operator’s stock worth $3,652,000 after buying an additional 2,005 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in BJ’s Restaurants in the second quarter worth about $272,000. Kornitzer Capital Management Inc. KS purchased a new stake in BJ’s Restaurants in the second quarter worth about $6,981,000. Finally, Marshall Wace LLP increased its position in BJ’s Restaurants by 141.1% in the first quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after buying an additional 331,443 shares in the last quarter.
BJ’s Restaurants Company Profile
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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