BJ’s Restaurants (NASDAQ:BJRI) had its target price raised by investment analysts at Wedbush from $60.00 to $66.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 6.54% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Morgan Stanley boosted their price objective on shares of BJ’s Restaurants from $41.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, April 30th. Barclays boosted their price objective on shares of BJ’s Restaurants from $37.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday, April 27th. Finally, Canaccord Genuity boosted their price objective on shares of BJ’s Restaurants from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.80.
Shares of BJRI traded up $0.35 during midday trading on Wednesday, hitting $61.95. The company had a trading volume of 920 shares, compared to its average volume of 350,230. The company has a market capitalization of $1.30 billion, a P/E ratio of 43.69, a PEG ratio of 2.05 and a beta of 0.68. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $62.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 0.53.
BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, April 26th. The restaurant operator reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The company had revenue of $278.52 million during the quarter, compared to the consensus estimate of $273.86 million. BJ’s Restaurants had a net margin of 4.77% and a return on equity of 13.81%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. sell-side analysts expect that BJ’s Restaurants will post 2 earnings per share for the current fiscal year.
In other BJ’s Restaurants news, VP Lon Ledwith sold 10,500 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $56.00, for a total transaction of $588,000.00. Following the completion of the transaction, the vice president now directly owns 15,220 shares of the company’s stock, valued at approximately $852,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noah A. Elbogen sold 5,126 shares of the business’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $56.00, for a total transaction of $287,056.00. The disclosure for this sale can be found here. Insiders have sold a total of 733,031 shares of company stock valued at $40,636,328 over the last three months. 6.80% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of BJ’s Restaurants in the 1st quarter worth approximately $201,000. Teacher Retirement System of Texas acquired a new stake in shares of BJ’s Restaurants in the 4th quarter worth approximately $230,000. Stone Ridge Asset Management LLC acquired a new stake in shares of BJ’s Restaurants in the 4th quarter worth approximately $255,000. Verition Fund Management LLC acquired a new stake in BJ’s Restaurants during the first quarter valued at approximately $323,000. Finally, Element Capital Management LLC acquired a new stake in BJ’s Restaurants during the first quarter valued at approximately $329,000. 94.77% of the stock is owned by institutional investors.
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 June 12, 2018, the company owned and operated 200 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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