BJ’s Restaurants (NASDAQ:BJRI) Upgraded at Gordon Haskett

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

Several other equities research analysts have also recently issued reports on the company. Barclays lifted their price objective on BJ’s Restaurants from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday. Piper Sandler lifted 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, Wedbush reiterated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

BJ’s Restaurants Price Performance

Shares of BJ’s Restaurants stock opened at $34.42 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. BJ’s Restaurants has a twelve month low of $27.61 and a twelve month high of $38.87. The business has a 50-day moving average price of $35.82 and a 200 day moving average price of $34.00. The firm has a market cap of $785.36 million, a PE ratio of 27.54, a P/E/G ratio of 2.06 and a beta of 2.10.

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

Insider Transactions at BJ’s Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the sale, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Institutional Trading of BJ’s Restaurants

Institutional investors have recently made changes to their positions in the company. 272 Capital LP purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at approximately $1,173,000. Landscape Capital Management L.L.C. raised its position in shares of BJ’s Restaurants by 75.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after buying an additional 35,722 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at approximately $4,310,000. SG Americas Securities LLC purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at approximately $500,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at approximately $2,064,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.