BJ’s Restaurants (BJRI) Hits New 12-Month High and Low on Analyst Upgrade

Shares of BJ’s Restaurants (NASDAQ:BJRI) reached a new 52-week high and low on Tuesday after Morgan Stanley raised their price target on the stock from $38.00 to $41.00. Morgan Stanley currently has an equal weight rating on the stock. BJ’s Restaurants traded as low as $49.85 and last traded at $48.70, with a volume of 177808 shares changing hands. The stock had previously closed at $49.25.

BJRI has been the subject of a number of other reports. Barclays upped their target price on BJ’s Restaurants from $30.00 to $31.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $44.00 in a research report on Wednesday, January 3rd. BidaskClub upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Canaccord Genuity restated a “buy” rating and set a $45.00 price objective on shares of BJ’s Restaurants in a research report on Monday, January 8th. Finally, Zacks Investment Research upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.33.

How to Become a New Pot Stock Millionaire

In other BJ’s Restaurants news, insider Brian S. Krakower sold 5,504 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the transaction, the insider now owns 3,318 shares of the company’s stock, valued at approximately $146,688.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alex Puchner sold 3,660 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $44.29, for a total value of $162,101.40. Following the completion of the transaction, the insider now directly owns 2,323 shares of the company’s stock, valued at approximately $102,885.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,867 shares of company stock valued at $7,447,599. 6.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BJRI. Dimensional Fund Advisors LP increased its stake in shares of BJ’s Restaurants by 13.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock valued at $32,746,000 after buying an additional 131,078 shares during the period. Millennium Management LLC increased its stake in shares of BJ’s Restaurants by 41.1% in the fourth quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock valued at $37,330,000 after buying an additional 298,835 shares during the period. Deutsche Bank AG increased its stake in shares of BJ’s Restaurants by 2.3% in the fourth quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock valued at $20,052,000 after buying an additional 12,459 shares during the period. Armistice Capital LLC increased its stake in shares of BJ’s Restaurants by 28.0% in the fourth quarter. Armistice Capital LLC now owns 384,000 shares of the restaurant operator’s stock valued at $13,978,000 after buying an additional 84,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of BJ’s Restaurants by 45.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 343,214 shares of the restaurant operator’s stock valued at $12,493,000 after buying an additional 107,602 shares during the period. 94.61% of the stock is owned by institutional investors and hedge funds.

The company has a market capitalization of $999.58, a P/E ratio of 34.93, a P/E/G ratio of 1.77 and a beta of 0.74. 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 (NASDAQ:BJRI) last released its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. BJ’s Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The business had revenue of $261.10 million during the quarter, compared to analysts’ expectations of $259.34 million. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. equities research analysts predict that BJ’s Restaurants will post 1.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.44 annualized dividend and a yield of 0.90%. BJ’s Restaurants’s dividend payout ratio is currently 15.60%.

COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/17/bjs-restaurants-bjri-hits-new-12-month-high-and-low-on-analyst-upgrade.html.

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 February 26, 2018, the company owned and operated 197 casual dining restaurants located in the 26 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, South Carolina, Tennessee, Texas, Virginia, and Washington.

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

Leave a Reply