BJ’s Restaurants (NASDAQ:BJRI) Hits New 12-Month High at $47.14

BJ’s Restaurants, Inc. (NASDAQ:BJRI)’s share price reached a new 52-week high on Thursday . The stock traded as high as $47.14 and last traded at $47.08, with a volume of 1147 shares trading hands. The stock had previously closed at $45.51.

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research report on Wednesday, December 16th. Wells Fargo & Company upgraded shares of BJ’s Restaurants from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $44.00 in a research note on Thursday, December 17th. CL King raised their price objective on shares of BJ’s Restaurants from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Wedbush reiterated an “outperform” rating and set a $44.00 price objective (up previously from $39.00) on shares of BJ’s Restaurants in a research note on Friday, November 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating and set a $44.00 target price for the company. in a report on Thursday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.50.

The stock has a 50 day simple moving average of $37.56 and a 200 day simple moving average of $30.48. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.04 billion, a P/E ratio of -39.57, a price-to-earnings-growth ratio of 15.59 and a beta of 2.17.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 22nd. The restaurant operator reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.70) by $0.26. BJ’s Restaurants had a negative return on equity of 7.46% and a negative net margin of 2.90%. The firm had revenue of $198.89 million for the quarter, compared to analyst estimates of $180.11 million. During the same quarter last year, the company earned $0.18 EPS. The company’s revenue was down 28.6% on a year-over-year basis. Equities analysts anticipate that BJ’s Restaurants, Inc. will post -2.03 earnings per share for the current year.

In other news, CMO Kevin E. Mayer sold 4,844 shares of BJ’s Restaurants stock in a transaction on Monday, November 9th. The stock was sold at an average price of $40.00, for a total value of $193,760.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of BJ’s Restaurants by 966.0% during the second quarter. Bank of Montreal Can now owns 2,196 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 1,990 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BJ’s Restaurants by 102.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the restaurant operator’s stock worth $75,000 after buying an additional 1,293 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of BJ’s Restaurants by 239.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,473 shares of the restaurant operator’s stock worth $161,000 after buying an additional 3,863 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter worth approximately $216,000. Finally, State of Tennessee Treasury Department lifted its position in shares of BJ’s Restaurants by 59.9% during the 2nd quarter. State of Tennessee Treasury Department now owns 10,983 shares of the restaurant operator’s stock worth $230,000 after buying an additional 4,115 shares during the last quarter. Institutional investors own 96.44% of the company’s stock.

About BJ’s Restaurants (NASDAQ:BJRI)

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. As of October 20, 2020, the company operated 210 casual dining restaurants in 29 states.

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