BJ’s Restaurants (NASDAQ:BJRI) Upgraded to “Hold” at Gordon Haskett

Gordon Haskett upgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from an underperform rating to a hold rating in a report released on Wednesday morning, Marketbeat.com reports. They currently have $36.00 price objective on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on BJRI. Oppenheimer lowered shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Barclays upped their price target on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Piper Sandler increased their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.00.

BJ’s Restaurants Trading Up 0.2 %

Shares of BJRI stock opened at $35.31 on Wednesday. BJ’s Restaurants has a 12-month low of $27.61 and a 12-month high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $35.89 and a 200-day moving average of $33.98. The firm has a market cap of $805.67 million, a P/E ratio of 28.25, a PEG ratio of 2.06 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. Sell-side analysts anticipate that BJ’s Restaurants will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 2,313 shares of the firm’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 value of $82,342.80. Following the sale, the insider now directly owns 5,339 shares of the company’s stock, valued at $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Restaurants

Institutional investors have recently made changes to their positions in the stock. Quarry LP lifted its holdings in shares of BJ’s Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 719 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of BJ’s Restaurants in the 2nd quarter worth about $40,000. US Bancorp DE increased its position 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 valued at $50,000 after purchasing an additional 906 shares during the last quarter. Headlands Technologies LLC increased its position in shares of BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in BJ’s Restaurants in the 3rd quarter worth approximately $216,000. 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.