BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.33.
A number of equities research analysts have commented on BJRI shares. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Stifel Nicolaus increased their price target on BJ’s Restaurants from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. Wedbush increased their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. BidaskClub upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Finally, Piper Jaffray Companies increased their price target on BJ’s Restaurants from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 27th.
Shares of NASDAQ BJRI traded up $0.20 during mid-day trading on Friday, reaching $71.70. 2,686 shares of the company were exchanged, compared to its average volume of 338,909. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36. The stock has a market capitalization of $1.49 billion, a P/E ratio of 51.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.74. BJ’s Restaurants has a 1 year low of $29.40 and a 1 year high of $76.50.
In other news, CEO Greg Trojan sold 26,979 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $74.65, for a total value of $2,013,982.35. Following the transaction, the chief executive officer now directly owns 66,783 shares of the company’s stock, valued at $4,985,350.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald W. Deitchle sold 28,149 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $74.27, for a total value of $2,090,626.23. Following the completion of the transaction, the director now directly owns 12,610 shares in the company, valued at $936,544.70. The disclosure for this sale can be found here. Insiders sold 301,614 shares of company stock worth $21,777,152 over the last three months. Corporate insiders own 6.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in BJRI. Northern Trust Corp grew its holdings in BJ’s Restaurants by 3.9% during the second quarter. Northern Trust Corp now owns 266,761 shares of the restaurant operator’s stock worth $16,005,000 after acquiring an additional 10,082 shares during the period. Bank of New York Mellon Corp grew its holdings in BJ’s Restaurants by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 299,165 shares of the restaurant operator’s stock worth $17,949,000 after acquiring an additional 22,738 shares during the period. HWG Holdings LP acquired a new stake in BJ’s Restaurants during the second quarter worth about $1,413,000. WINTON GROUP Ltd acquired a new stake in BJ’s Restaurants during the second quarter worth about $10,884,000. Finally, Castleark Management LLC acquired a new stake in BJ’s Restaurants during the second quarter worth about $13,702,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.
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 September 4, 2018, the company owned and operated 201 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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