BJ’s Restaurants, Inc. (NASDAQ:BJRI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $38.00.

A number of equities analysts have issued reports on BJRI shares. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Barclays upped their price objective on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. Piper Sandler upped their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th.

Insider Activity

In related news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the sale, the insider now directly owns 5,339 shares in the company, valued at approximately $190,068.40. This represents a 30.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC grew its position in shares of BJ’s Restaurants by 528.9% in the third quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after purchasing an additional 130,676 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BJ’s Restaurants during the 4th quarter valued at about $4,502,000. Eagle Asset Management Inc. purchased a new position in BJ’s Restaurants during the 3rd quarter valued at about $4,310,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BJ’s Restaurants during the third quarter valued at about $2,064,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BJ’s Restaurants by 13.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock worth $11,150,000 after buying an additional 40,284 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Down 1.9 %

Shares of NASDAQ:BJRI opened at $36.05 on Monday. The business’s 50 day moving average is $35.75 and its 200 day moving average is $33.91. BJ’s Restaurants has a 12-month low of $27.61 and a 12-month high of $38.87. The stock has a market cap of $822.55 million, a price-to-earnings ratio of 28.84, a PEG ratio of 1.78 and a beta of 2.11. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

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.