BJ’s Restaurants (NASDAQ:BJRI) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
A number of other research firms also recently commented on BJRI. Morgan Stanley lifted their price objective on shares of BJ’s Restaurants from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Piper Jaffray Companies lifted their price objective on shares of BJ’s Restaurants from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. BidaskClub downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co lifted their price objective on shares of BJ’s Restaurants from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Zacks Investment Research downgraded shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a report on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.75.
BJ’s Restaurants stock traded down $0.37 during mid-day trading on Friday, reaching $61.37. The company’s stock had a trading volume of 545,725 shares, compared to its average volume of 410,082. The company has a market cap of $1.32 billion, a PE ratio of 43.52, a P/E/G ratio of 1.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36. BJ’s Restaurants has a twelve month low of $30.00 and a twelve month high of $76.50.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.16. The firm had revenue of $270.27 million during the quarter, compared to the consensus estimate of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 17.28%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities research analysts anticipate that BJ’s Restaurants will post 2.22 earnings per share for the current year.
In other news, insider Brian S. Krakower sold 2,685 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $74.67, for a total transaction of $200,488.95. Following the completion of the transaction, the insider now owns 4,303 shares of the company’s stock, valued at $321,305.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex Puchner sold 3,907 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $62.63, for a total transaction of $244,695.41. Following the transaction, the insider now directly owns 4,480 shares of the company’s stock, valued at approximately $280,582.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,614 shares of company stock valued at $21,777,152. Corporate insiders own 6.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Capital Advisors Group LLC. acquired a new position in shares of BJ’s Restaurants during the third quarter valued at $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of BJ’s Restaurants during the second quarter valued at $230,000. Bessemer Group Inc. acquired a new position in shares of BJ’s Restaurants during the second quarter valued at $234,000. Teacher Retirement System of Texas acquired a new position in shares of BJ’s Restaurants during the second quarter valued at $249,000. Finally, SG Americas Securities LLC acquired a new stake in BJ’s Restaurants in the second quarter worth about $250,000. 95.27% 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 September 4, 2018, the company owned and operated 201 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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