Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $38.88.

BJRI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet downgraded shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price objective (up previously from $41.00) on shares of BJ’s Restaurants in a report on Friday, April 28th. Canaccord Genuity reaffirmed a “hold” rating and issued a $45.00 price objective on shares of BJ’s Restaurants in a report on Friday, April 28th. Finally, BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th.

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Shares of BJ’s Restaurants (BJRI) traded down 1.82% during trading on Friday, hitting $32.30. 386,300 shares of the stock were exchanged. The stock has a 50-day moving average of $34.52 and a 200 day moving average of $38.95. BJ’s Restaurants has a 12-month low of $30.40 and a 12-month high of $47.55. The stock has a market cap of $692.71 million, a P/E ratio of 19.03 and a beta of 1.08.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. The company had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. Equities analysts predict that BJ’s Restaurants will post $1.63 earnings per share for the current fiscal year.

BJ’s Restaurants announced that its board has initiated a stock buyback program on Thursday, April 27th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other news, VP Kevin E. Mayer sold 4,468 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total value of $203,115.28. Following the transaction, the vice president now owns 5,817 shares in the company, valued at approximately $264,440.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex Puchner sold 7,073 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $45.80, for a total value of $323,943.40. Following the completion of the transaction, the insider now owns 4,094 shares in the company, valued at approximately $187,505.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,914 shares of company stock worth $723,150. Corporate insiders own 6.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of BJ’s Restaurants during the first quarter worth $102,000. State of Alaska Department of Revenue increased its position in shares of BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of BJ’s Restaurants by 38.2% in the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock worth $151,000 after buying an additional 1,033 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of BJ’s Restaurants by 0.6% in the first quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock worth $171,000 after buying an additional 24 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of BJ’s Restaurants by 20.8% in the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after buying an additional 877 shares in the last quarter. Institutional investors own 96.67% of the company’s stock.

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.

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

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