Recent Investment Analysts’ Ratings Changes for BJ's Restaurants (BJRI)

A number of firms have modified their ratings and price targets on shares of BJ's Restaurants (NASDAQ: BJRI) recently:

  • 2/28/2018 – BJ's Restaurants was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/26/2018 – BJ's Restaurants had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $38.00 price target on the stock, up previously from $34.00.
  • 2/23/2018 – BJ's Restaurants had its price target raised by analysts at Wedbush from $44.00 to $48.00. They now have an “outperform” rating on the stock.
  • 2/23/2018 – BJ's Restaurants had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.
  • 2/23/2018 – BJ's Restaurants had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $48.00 price target on the stock.
  • 2/23/2018 – BJ's Restaurants had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 2/16/2018 – BJ's Restaurants was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “BJ's Restaurants delivered positive earnings surprises in 11 of the last 14 quarters. Further, its shares have outperformed the industry in the past six months. Earnings estimates for 2018 has also goe up over the last 60 days, reflecying analysts' optimism. In order to navigate through the challenging macro environment, the company has implemented four major sales building initiatives in 2017, which should drive top-line growth. Additionally, a deep pipeline of new menu items, loyalty program enhancements and other productivity and digital initiatives are likely to further drive performance. Increased focus on improving its execution and enhancing guest satisfaction also bode well. Yet, high wages and costs related to the initiatives may keep profits under pressure. Also, the company has planned to slow down on unit openings in 2018, to focus more on traffic and sales building initiatives.This could weigh on top-line growth.”
  • 2/15/2018 – BJ's Restaurants was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $44.00 price target on the stock, up previously from $37.00.
  • 1/24/2018 – BJ's Restaurants had its price target raised by analysts at Barclays PLC from $30.00 to $31.00. They now have an “underweight” rating on the stock.
  • 1/16/2018 – BJ's Restaurants had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $30.00 price target on the stock, up previously from $27.00.

Shares of BJ's Restaurants, Inc. (NASDAQ BJRI) opened at $42.80 on Friday. The firm has a market cap of $883.11, a P/E ratio of 32.18, a P/E/G ratio of 1.58 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.49 and a quick ratio of 0.41. BJ's Restaurants, Inc. has a 52-week low of $28.00 and a 52-week high of $47.55.

How to Become a New Pot Stock Millionaire

BJ's Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $261.10 million for the quarter, compared to the consensus estimate of $259.34 million. BJ's Restaurants had a net margin of 4.34% and a return on equity of 12.07%. BJ's Restaurants’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. research analysts predict that BJ's Restaurants, Inc. will post 1.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.03%. BJ's Restaurants’s dividend payout ratio is 16.54%.

In other BJ's Restaurants news, insider Alex Puchner sold 3,660 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $44.29, for a total transaction of $162,101.40. Following the sale, the insider now directly owns 2,323 shares in the company, valued at approximately $102,885.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald W. Deitchle sold 161,703 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $43.55, for a total transaction of $7,042,165.65. Following the sale, the director now owns 80,548 shares in the company, valued at $3,507,865.40. The disclosure for this sale can be found here. Insiders sold a total of 170,867 shares of company stock worth $7,447,599 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

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.

Receive News & Ratings for BJ's Restaurants Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply