BJ’s Restaurants (BJRI) Given New $59.00 Price Target at Barclays

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BJ’s Restaurants (NASDAQ:BJRI) had its price target lifted by Barclays from $54.00 to $59.00 in a research note released on Wednesday morning. They currently have an underweight rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on BJRI. Zacks Investment Research raised BJ’s Restaurants from a hold rating to a buy rating and set a $70.00 price target for the company in a research report on Wednesday, July 25th. Loop Capital assumed coverage on BJ’s Restaurants in a research report on Wednesday, October 24th. They issued a hold rating and a $70.00 price target for the company. Stifel Nicolaus boosted their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the stock a buy rating in a research report on Friday, July 27th. Wedbush boosted their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the stock an outperform rating in a research report on Friday, July 27th. Finally, Piper Jaffray Companies boosted their price objective on BJ’s Restaurants from $60.00 to $75.00 and gave the stock a neutral rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. BJ’s Restaurants presently has an average rating of Hold and a consensus price target of $66.75.

Shares of NASDAQ:BJRI traded up $0.36 on Wednesday, reaching $61.54. The company had a trading volume of 28,984 shares, compared to its average volume of 537,529. BJ’s Restaurants has a twelve month low of $30.00 and a twelve month high of $76.50. The stock has a market capitalization of $1.32 billion, a P/E ratio of 43.38, a P/E/G ratio of 1.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.16. BJ’s Restaurants had a return on equity of 17.28% and a net margin of 5.80%. The company had revenue of $270.27 million during the quarter, compared to analysts’ expectations of $262.89 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that BJ’s Restaurants will post 2.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Monday, November 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 8th. This is a boost from BJ’s Restaurants’s previous quarterly dividend of $0.11. BJ’s Restaurants’s payout ratio is currently 31.21%.

In other BJ’s Restaurants news, VP Kendra D. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now owns 10,733 shares of the company’s stock, valued at approximately $686,912. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Noah A. Elbogen sold 888 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $76.05, for a total value of $67,532.40. The disclosure for this sale can be found here. Insiders have sold a total of 301,614 shares of company stock valued at $21,777,152 in the last three months. 6.80% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of BJRI. Wells Fargo & Company MN raised its holdings in BJ’s Restaurants by 47.0% in the 1st quarter. Wells Fargo & Company MN now owns 45,381 shares of the restaurant operator’s stock valued at $2,038,000 after acquiring an additional 14,514 shares in the last quarter. California Public Employees Retirement System raised its holdings in BJ’s Restaurants by 21.9% in the 1st quarter. California Public Employees Retirement System now owns 40,214 shares of the restaurant operator’s stock valued at $1,806,000 after acquiring an additional 7,222 shares in the last quarter. Principal Financial Group Inc. raised its holdings in BJ’s Restaurants by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 136,731 shares of the restaurant operator’s stock valued at $6,139,000 after acquiring an additional 2,402 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in BJ’s Restaurants in the 1st quarter valued at approximately $376,000. Finally, Cubist Systematic Strategies LLC acquired a new position in BJ’s Restaurants in the 1st quarter valued at approximately $201,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

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. As of September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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

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