BJ’s Restaurants (NASDAQ:BJRI) Stock Price Expected to Rise, Wedbush Analyst Says

BJ’s Restaurants (NASDAQ:BJRI) had its target price hoisted by Wedbush from $43.00 to $48.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other brokerages also recently commented on BJRI. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Barclays upped their price target on BJ’s Restaurants from $34.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday. Piper Sandler increased their price objective on BJ’s Restaurants from $35.00 to $36.00 and gave the stock 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 target price on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.40.

BJ’s Restaurants Price Performance

BJRI opened at $38.09 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $35.57 and its 200 day simple moving average is $34.16. The firm has a market cap of $869.21 million, a price-to-earnings ratio of 30.47, a PEG ratio of 1.74 and a beta of 2.11. BJ’s Restaurants has a 1 year low of $27.61 and a 1 year high of $41.72.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm had revenue of $344.34 million for the quarter, compared to analysts’ expectations of $336.48 million. As a group, analysts predict that BJ’s Restaurants will post 1.26 earnings per share for the current year.

Institutional Trading of BJ’s Restaurants

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BJ’s Restaurants by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator’s stock worth $379,000 after acquiring an additional 342 shares in the last quarter. US Bancorp DE raised its holdings in BJ’s Restaurants by 23.5% in the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 362 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in BJ’s Restaurants by 11.4% in the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock worth $220,000 after purchasing an additional 693 shares in the last quarter. Quarry LP lifted its position in BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 719 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of BJ’s Restaurants by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator’s stock valued at $709,000 after buying an additional 1,486 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

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.