BJ’s Restaurants (BJRI) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of BJ’s Restaurants (NASDAQ:BJRI) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other research analysts have also weighed in on BJRI. Zacks Investment Research reiterated a buy rating and set a $70.00 target price on shares of BJ’s Restaurants in a report on Monday, November 12th. Barclays reduced their target price on BJ’s Restaurants from $59.00 to $53.00 and set an underweight rating on the stock in a report on Thursday. Loop Capital upgraded BJ’s Restaurants from a hold rating to a buy rating and lifted their target price for the stock from $60.00 to $70.00 in a report on Thursday. ValuEngine lowered BJ’s Restaurants from a strong-buy rating to a buy rating in a report on Friday, November 2nd. Finally, Wells Fargo & Co lifted their target price on BJ’s Restaurants from $58.00 to $59.00 and gave the stock a market perform rating in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $65.50.

BJRI stock opened at $54.32 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04. BJ’s Restaurants has a 1-year low of $34.75 and a 1-year high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.16. The firm had revenue of $270.27 million for the quarter, compared to analyst estimates of $262.89 million. BJ’s Restaurants had a return on equity of 16.70% and a net margin of 5.80%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Analysts predict that BJ’s Restaurants will post 2.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 12th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from BJ’s Restaurants’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, November 8th. BJ’s Restaurants’s payout ratio is 34.04%.

In other news, CEO Greg Trojan sold 67,401 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $74.89, for a total value of $5,047,660.89. Following the sale, the chief executive officer now directly owns 64,783 shares in the company, valued at $4,851,598.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kendra D. Miller sold 4,899 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $65.25, for a total value of $319,659.75. Following the completion of the sale, the vice president now owns 8,909 shares in the company, valued at $581,312.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,508 shares of company stock worth $8,214,117. Corporate insiders own 6.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of BJ’s Restaurants in the second quarter valued at about $2,750,000. MetLife Investment Advisors LLC acquired a new stake in shares of BJ’s Restaurants in the second quarter valued at about $545,000. O Shaughnessy Asset Management LLC increased its position in shares of BJ’s Restaurants by 58.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 165,106 shares of the restaurant operator’s stock valued at $11,859,000 after acquiring an additional 61,082 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of BJ’s Restaurants in the third quarter valued at about $26,635,000. Finally, Rhumbline Advisers increased its position in shares of BJ’s Restaurants by 3.6% in the second quarter. Rhumbline Advisers now owns 46,185 shares of the restaurant operator’s stock valued at $2,771,000 after acquiring an additional 1,615 shares during the last quarter.

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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