BJ’s Restaurants, Inc. (BJRI) Receives Average Recommendation of “Buy” from Analysts

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $49.20.

BJRI has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 price objective (up from $34.00) on shares of BJ’s Restaurants in a report on Monday, February 26th. Zacks Investment Research downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of BJ’s Restaurants in a report on Friday, February 23rd. Wedbush upgraded BJ’s Restaurants from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $37.00 to $44.00 in a report on Thursday, February 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price objective on shares of BJ’s Restaurants in a report on Friday, February 23rd.

In related news, Director Patrick Walsh sold 248,736 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $55.12, for a total transaction of $13,710,328.32. Following the completion of the transaction, the director now directly owns 21,171 shares of the company’s stock, valued at $1,166,945.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lon Ledwith sold 10,500 shares of the stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $56.00, for a total value of $588,000.00. Following the transaction, the vice president now directly owns 15,220 shares of the company’s stock, valued at $852,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 733,031 shares of company stock valued at $40,636,328. 6.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BJRI. Schwab Charles Investment Management Inc. boosted its position in BJ’s Restaurants by 4.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 173,574 shares of the restaurant operator’s stock valued at $6,319,000 after purchasing an additional 7,512 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in BJ’s Restaurants during the fourth quarter valued at approximately $230,000. Pinebridge Investments L.P. boosted its position in BJ’s Restaurants by 26.7% during the fourth quarter. Pinebridge Investments L.P. now owns 32,810 shares of the restaurant operator’s stock valued at $1,194,000 after purchasing an additional 6,908 shares during the last quarter. Arizona State Retirement System boosted its position in BJ’s Restaurants by 212.7% during the fourth quarter. Arizona State Retirement System now owns 30,167 shares of the restaurant operator’s stock valued at $1,098,000 after purchasing an additional 20,521 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in BJ’s Restaurants by 11.6% during the fourth quarter. Rhumbline Advisers now owns 50,662 shares of the restaurant operator’s stock valued at $1,844,000 after purchasing an additional 5,271 shares during the last quarter. 98.09% of the stock is owned by hedge funds and other institutional investors.

Shares of BJ’s Restaurants traded up $0.35, hitting $57.10, during trading hours on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 295,667 shares, compared to its average volume of 418,065. BJ’s Restaurants has a 12 month low of $28.00 and a 12 month high of $58.65. The company has a market capitalization of $1.18 billion, a P/E ratio of 40.50, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.53 and a quick ratio of 0.45.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.14. BJ’s Restaurants had a return on equity of 13.81% and a net margin of 4.77%. The company had revenue of $278.52 million during the quarter, compared to the consensus estimate of $273.86 million. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts anticipate that BJ’s Restaurants will post 2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 28th. Investors of record on Monday, May 14th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, May 11th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. BJ’s Restaurants’s payout ratio is presently 31.21%.

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 March 20, 2018, the company owned and operated 198 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.

Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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