BJ’s Restaurants, Inc. (NASDAQ:BJRI) had its price target decreased by Barclays PLC from $29.00 to $27.00 in a research note issued to investors on Friday, October 27th. Barclays PLC currently has an underweight rating on the restaurant operator’s stock.
BJRI has been the subject of several other reports. Jefferies Group LLC reiterated a hold rating and issued a $39.00 price target on shares of BJ’s Restaurants in a report on Thursday, August 31st. Canaccord Genuity raised shares of BJ’s Restaurants from a hold rating to a buy rating and set a $45.00 price objective for the company in a research report on Friday, July 14th. TheStreet cut shares of BJ’s Restaurants from a b rating to a c+ rating in a research report on Friday, July 7th. Robert W. Baird reaffirmed a hold rating and set a $36.00 price target on shares of BJ’s Restaurants in a research report on Thursday, October 12th. Finally, BidaskClub lowered shares of BJ’s Restaurants from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $36.89.
Shares of BJ’s Restaurants (NASDAQ BJRI) traded up $0.40 during mid-day trading on Friday, reaching $31.60. The company had a trading volume of 362,500 shares, compared to its average volume of 449,742. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. BJ’s Restaurants has a 1 year low of $28.00 and a 1 year high of $47.55. The firm has a market cap of $643.76, a PE ratio of 19.38, a PEG ratio of 1.45 and a beta of 0.92.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The firm had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same period last year, the firm earned $0.30 EPS. BJ’s Restaurants’s revenue was up 5.7% compared to the same quarter last year. equities research analysts predict that BJ’s Restaurants will post 1.41 earnings per share for the current year.
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The firm also recently announced a special dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 7.24%.
In related news, VP Gregory S. Lynds sold 3,621 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $30.48, for a total transaction of $110,368.08. Following the completion of the sale, the vice president now directly owns 19,103 shares of the company’s stock, valued at $582,259.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick Walsh sold 37,764 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the transaction, the director now owns 19,844 shares of the company’s stock, valued at approximately $626,871.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,092 shares of company stock worth $1,763,015. 6.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Aperio Group LLC raised its position in shares of BJ’s Restaurants by 0.7% in the second quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 45 shares during the period. Massachusetts Financial Services Co. MA increased its position in BJ’s Restaurants by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,884 shares of the restaurant operator’s stock worth $319,000 after acquiring an additional 93 shares during the period. Pacad Investment Ltd. grew its stake in BJ’s Restaurants by 1.8% during the second quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of BJ’s Restaurants by 1.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,086 shares of the restaurant operator’s stock valued at $636,000 after purchasing an additional 208 shares in the last quarter. Finally, People s United Financial Inc. boosted its stake in shares of BJ’s Restaurants by 2.1% in the 2nd quarter. People s United Financial Inc. now owns 12,014 shares of the restaurant operator’s stock valued at $447,000 after purchasing an additional 246 shares in the last quarter. 99.00% of the stock is currently owned by institutional investors.
BJ’s Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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