Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Free Report) have been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $37.20.
A number of brokerages recently commented on BJRI. Barclays upped their price target on shares of BJ’s Restaurants from $31.00 to $33.00 and gave the company an “underweight” rating in a research note on Friday, May 2nd. Sanford C. Bernstein set a $33.00 target price on BJ’s Restaurants and gave the company an “underweight” rating in a research report on Friday, May 2nd.
Check Out Our Latest Report on BJRI
BJ’s Restaurants Stock Up 2.0%
BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.39 by $0.20. The firm had revenue of $347.97 million for the quarter, compared to the consensus estimate of $347.70 million. BJ’s Restaurants had a net margin of 1.64% and a return on equity of 10.35%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, research analysts expect that BJ’s Restaurants will post 1.5 earnings per share for the current year.
Insider Transactions at BJ’s Restaurants
In other BJ’s Restaurants news, Director Greg Trojan sold 146,102 shares of BJ’s Restaurants stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $44.63, for a total value of $6,520,532.26. Following the completion of the sale, the director owned 19,896 shares in the company, valued at $887,958.48. The trade was a 88.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian S. Krakower sold 3,738 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $44.32, for a total transaction of $165,668.16. Following the completion of the sale, the insider directly owned 4,579 shares of the company’s stock, valued at $202,941.28. This represents a 44.94% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On BJ’s Restaurants
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in BJ’s Restaurants by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator’s stock valued at $3,894,000 after purchasing an additional 1,752 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of BJ’s Restaurants in the 4th quarter valued at $574,000. US Bancorp DE raised its holdings in shares of BJ’s Restaurants by 23.5% during the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after buying an additional 362 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of BJ’s Restaurants during the 4th quarter worth $200,000. Finally, Raymond James Financial Inc. acquired a new stake in BJ’s Restaurants in the fourth quarter valued at about $4,502,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.
About BJ’s Restaurants
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.
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