BJ's Restaurants (BJRI) Earns “Buy” Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of BJ's Restaurants (NASDAQ:BJRI) in a research report sent to investors on Monday. They currently have a $45.00 price target on the restaurant operator’s stock.

BJRI has been the topic of several other reports. Wells Fargo & Co dropped their price target on BJ's Restaurants from $35.00 to $30.00 and set a market perform rating on the stock in a research report on Wednesday, October 18th. Stifel Nicolaus raised BJ's Restaurants from a hold rating to a buy rating and upped their price target for the company from $32.00 to $44.00 in a research report on Wednesday, January 3rd. Zacks Investment Research lowered BJ's Restaurants from a hold rating to a sell rating in a research report on Monday, October 30th. Barclays dropped their price target on BJ's Restaurants from $29.00 to $27.00 and set an underweight rating on the stock in a research report on Friday, October 27th. Finally, Robert W. Baird reissued a hold rating and set a $36.00 price target on shares of BJ's Restaurants in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. BJ's Restaurants presently has a consensus rating of Hold and a consensus price target of $39.00.

Shares of BJ's Restaurants (NASDAQ:BJRI) traded up $0.30 during trading on Monday, hitting $37.05. The stock had a trading volume of 385,200 shares, compared to its average volume of 471,714. The firm has a market capitalization of $773.24, a price-to-earnings ratio of 24.38, a PEG ratio of 1.53 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. BJ's Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55.

BJ's Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The company had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. BJ's Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. equities analysts anticipate that BJ's Restaurants will post 1.39 earnings per share for the current fiscal year.

In related news, Director Patrick Walsh sold 37,764 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the completion of the transaction, the director now owns 19,844 shares of the company’s stock, valued at approximately $626,871.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian S. Krakower sold 801 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $34.07, for a total value of $27,290.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,102 shares of company stock valued at $6,287,084. 6.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BJRI. Schwab Charles Investment Management Inc. lifted its position in shares of BJ's Restaurants by 6.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 142,770 shares of the restaurant operator’s stock worth $5,319,000 after purchasing an additional 8,020 shares during the last quarter. First Trust Advisors LP lifted its position in shares of BJ's Restaurants by 4.4% during the 2nd quarter. First Trust Advisors LP now owns 41,089 shares of the restaurant operator’s stock worth $1,531,000 after purchasing an additional 1,741 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of BJ's Restaurants by 20.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 877 shares during the last quarter. Legal & General Group Plc lifted its position in shares of BJ's Restaurants by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 35,778 shares of the restaurant operator’s stock worth $1,333,000 after purchasing an additional 2,687 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of BJ's Restaurants by 54.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,124 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 3,225 shares during the last quarter. 91.75% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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