BJ’s Restaurants (NASDAQ:BJRI) Reaches New 1-Year High – What’s Next?

BJ’s Restaurants, Inc. (NASDAQ:BJRI)’s share price hit a new 52-week high on Friday . The company traded as high as $38.87 and last traded at $38.53, with a volume of 23173 shares trading hands. The stock had previously closed at $37.84.

Analyst Upgrades and Downgrades

BJRI has been the topic of several research analyst reports. 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. Piper Sandler boosted their price target 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. Finally, Barclays decreased their price objective on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $38.57.

BJ’s Restaurants Stock Performance

The stock has a 50-day moving average of $34.90 and a 200 day moving average of $33.82. The stock has a market cap of $877.09 million, a PE ratio of 30.75, a P/E/G ratio of 2.14 and a beta of 2.10. 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 (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 analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned ($0.16) earnings per share. Equities analysts predict that BJ’s Restaurants, Inc. will post 1.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the transaction, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. This represents a 30.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Bradford Richmond purchased 2,500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP boosted its stake in BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after buying an additional 719 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of BJ’s Restaurants in the 2nd quarter worth approximately $40,000. US Bancorp DE boosted 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 worth $50,000 after purchasing an additional 906 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants during the 2nd quarter worth approximately $57,000. Finally, Headlands Technologies LLC increased its holdings in BJ’s Restaurants by 247.8% in 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. Institutional investors and hedge funds 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.