BJ’s Restaurants (NASDAQ:BJRI) had its price target lifted by Wedbush from $48.00 to $52.00 in a research report sent to investors on Friday morning. Wedbush also issued estimates for BJ’s Restaurants’ Q1 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.35 EPS, FY2018 earnings at $1.94 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $2.26 EPS. The analysts noted that the move was a valuation call.
Other research analysts have also issued research reports about the company. Stifel Nicolaus upgraded BJ’s Restaurants from a hold rating to a buy rating and boosted their price objective for the company from $32.00 to $44.00 in a research report on Wednesday, January 3rd. Canaccord Genuity restated a buy rating and set a $50.00 price objective (up previously from $45.00) on shares of BJ’s Restaurants in a research report on Friday, February 23rd. Barclays boosted their price objective 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. Zacks Investment Research upgraded BJ’s Restaurants from a sell rating to a hold rating in a research report on Thursday, January 4th. Finally, Morgan Stanley restated an equal weight rating and set a $38.00 price objective (up previously from $34.00) on shares of BJ’s Restaurants in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $41.33.
Shares of BJRI opened at $49.25 on Friday. The company has a market capitalization of $999.58, a PE ratio of 34.93, a PEG ratio of 1.77 and a beta of 0.74. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.63. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $49.80.
BJ’s Restaurants (NASDAQ:BJRI) last issued 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. The company had revenue of $261.10 million during the quarter, compared to analyst estimates of $259.34 million. BJ’s Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. equities analysts expect that BJ’s Restaurants will post 1.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, March 12th. BJ’s Restaurants’s payout ratio is currently 15.60%.
In other BJ’s Restaurants news, Director Gerald W. Deitchle sold 161,703 shares of BJ’s Restaurants stock in a transaction 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 of the company’s stock, valued at approximately $3,507,865.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian S. Krakower sold 5,504 shares of BJ’s Restaurants stock in a transaction on Friday, March 9th. The shares were sold at an average price of $44.21, for a total value of $243,331.84. Following the sale, the insider now directly owns 3,318 shares in the company, valued at approximately $146,688.78. The disclosure for this sale can be found here. Insiders have sold a total of 170,867 shares of company stock worth $7,447,599 in the last ninety days. 6.80% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC raised its stake in BJ’s Restaurants by 9.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 103,643 shares of the restaurant operator’s stock valued at $3,773,000 after acquiring an additional 8,825 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in BJ’s Restaurants during the 4th quarter valued at $331,000. Gotham Asset Management LLC raised its stake in BJ’s Restaurants by 74.9% during the 4th quarter. Gotham Asset Management LLC now owns 26,406 shares of the restaurant operator’s stock valued at $961,000 after acquiring an additional 11,307 shares in the last quarter. MainStreet Investment Advisors LLC bought a new stake in BJ’s Restaurants during the 4th quarter valued at $1,405,000. Finally, Jane Street Group LLC bought a new stake in BJ’s Restaurants during the 4th quarter valued at $569,000. 94.61% of the stock is currently owned by hedge funds and other institutional investors.
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About BJ’s Restaurants
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.
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