BJ’s Restaurants (NASDAQ:BJRI) Downgraded to “Market Perform” Rating by Oppenheimer

BJ’s Restaurants (NASDAQ:BJRI) was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday,Finviz reports.

Several other research firms have also weighed in on BJRI. Wedbush restated an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday, November 1st. Barclays lowered their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Finally, Piper Sandler upped their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.00.

BJ’s Restaurants Stock Down 0.1 %

Shares of BJRI stock opened at $36.65 on Tuesday. The firm has a market capitalization of $836.24 million, a P/E ratio of 29.32, a PEG ratio of 2.06 and a beta of 2.10. The firm’s fifty day moving average price is $35.94 and its two-hundred day moving average price is $33.97. BJ’s Restaurants has a 1 year low of $27.61 and a 1 year high of $38.87. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. On average, equities analysts predict that BJ’s Restaurants will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.90% of the company’s stock.

Institutional Trading of BJ’s Restaurants

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in BJ’s Restaurants by 11.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock valued at $220,000 after purchasing an additional 693 shares during the period. Quarry LP boosted its holdings in BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 719 shares during the period. ClariVest Asset Management LLC boosted its holdings in BJ’s Restaurants by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock valued at $1,009,000 after purchasing an additional 780 shares during the period. US Bancorp DE lifted its holdings in shares of BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 906 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in shares of BJ’s Restaurants by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 29,499 shares of the restaurant operator’s stock worth $1,024,000 after acquiring an additional 1,058 shares during the period. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.