Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned an average rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $38.88.
BJRI has been the topic of several recent research reports. BidaskClub lowered BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Wedbush restated a “hold” rating and set a $45.00 price target on shares of BJ’s Restaurants in a research report on Thursday, May 25th. Canaccord Genuity upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, July 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd.
In other news, VP Kevin E. Mayer sold 4,468 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total transaction of $203,115.28. Following the completion of the sale, the vice president now owns 5,817 shares in the company, valued at approximately $264,440.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alex Puchner sold 7,073 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $45.80, for a total value of $323,943.40. Following the completion of the transaction, the insider now owns 4,094 shares of the company’s stock, valued at approximately $187,505.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,793 shares of company stock worth $1,035,319. Company insiders own 6.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC bought a new position in BJ’s Restaurants during the second quarter worth $368,000. US Bancorp DE boosted its stake in BJ’s Restaurants by 1.2% in the second quarter. US Bancorp DE now owns 21,794 shares of the restaurant operator’s stock worth $812,000 after buying an additional 262 shares during the period. Aperio Group LLC boosted its stake in BJ’s Restaurants by 0.7% in the second quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock worth $246,000 after buying an additional 45 shares during the period. State of Alaska Department of Revenue boosted its stake in BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,557 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in BJ’s Restaurants by 50.5% in the second quarter. GW&K Investment Management LLC now owns 352,993 shares of the restaurant operator’s stock valued at $13,149,000 after buying an additional 118,413 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Shares of BJ’s Restaurants (NASDAQ BJRI) opened at 34.975 on Tuesday. The firm has a market capitalization of $764.48 million, a PE ratio of 20.610 and a beta of 1.10. The stock has a 50 day moving average of $36.88 and a 200-day moving average of $39.23. BJ’s Restaurants has a 52 week low of $30.40 and a 52 week high of $47.55.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.33%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Equities analysts anticipate that BJ’s Restaurants will post $1.79 earnings per share for the current fiscal year.
BJ’s Restaurants announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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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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