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BJ’s Restaurants, Inc. (NASDAQ: BJRI) Receives an Average “Hold” Rating from Brokerages


BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) received an average recommendation of “Hold” by the fifteen brokerages that currently cover the business, MarketBeat.com reports. One financial analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have reported on the stock in the past year is $41.08.

BJRI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut its price target on BJ’s Restaurants stock from $42.00 to $40.00 and set a “buy” rating on the stock in a Friday, April 22 research report. Citigroup launched coverage on the shares of BJ’s Restaurants in a research note on Tuesday, April 12. They set a “neutral” rating and a price target of $29.00 on the stock. Stephens lowered his price target on shares of BJ’s Restaurants from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, April 22. StockNews.com launched coverage on BJ’s Restaurants stocks in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Barclays raised its price target on BJ’s Restaurants shares from $25.00 to $26.00 and gave the stock an “underweight” rating in a Monday, April 25 research note.

Shares of BJ’s Restaurants opened at $24.83 on Tuesday. The company has a fifty-day moving average price of $27.50 and a 200-day moving average price of $31.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt ratio of 0.15. BJ’s Restaurants has a 12-month low of $24.02 and a 12-month high of $59.91. The stock has a market capitalization of $581.99 million, a price-to-earnings ratio of 827.94, a growth price-to-earnings ratio of 3.54 and a beta of 1.93.

BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last released quarterly earnings data on Thursday, April 21. The restaurateur reported earnings per share of $0.06 for the quarter, beating analyst consensus estimates of ($0.26) by $0.32. BJ’s Restaurants had a net margin of 0.09% and a return on equity of 0.07%. The company posted revenue of $298.70 million in the quarter, compared to $297.22 million expected by analysts. During the same period of the previous year, the company posted an EPS of ($0.14). The company’s revenue for the quarter increased 33.8% year over year. Analysts expect BJ’s Restaurants to post earnings per share of 0.51 for the current year.

In other news from BJ’s Restaurants, insider Brian S. Krakower sold 1,000 shares in a trade that took place on Monday, April 25. The shares were sold at an average price of $29.42, for a total value of $29,420.00. Following the completion of the sale, the insider now owns 4,677 shares of the company, valued at approximately $137,597.34. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Insiders of the company hold 3.60% of the shares of the company.

Several institutional investors have recently increased or reduced their stake in BJRI. Northwestern Mutual Wealth Management Co. increased its holdings of BJ’s Restaurants stock by 56.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,070 shares of the restaurateur valued at $37,000 after buying 385 additional shares last quarter. Dark Forest Capital Management LP bought a new stock position in BJ’s Restaurants during Q3 worth $57,000. O Shaughnessy Asset Management LLC bought a new stock position in BJ’s Restaurants during Q3 for $72,000. Point72 Hong Kong Ltd increased its equity stake in BJ’s Restaurants by 73.7% during Q3. Point72 Hong Kong Ltd now owns 2,680 shares of the restaurateur valued at $112,000 after buying 1,137 additional shares last quarter. Finally, SG Americas Securities LLC bought a new position in BJ’s Restaurants stock during Q1 valued at $128,000. Institutional investors and hedge funds own 99.15% of the company’s shares.

About BJ’s Restaurants (Get an assessment)

BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. The company’s restaurants offer pizza, craft and other beers, appetizers, entrees, pastas, sandwiches, specialty salads and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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



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Richard Dement

The author Richard Dement