BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.76 and last traded at $41.55, with a volume of 680692 shares trading hands. The stock had previously closed at $39.10.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wedbush increased their price objective on BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Sanford C. Bernstein set a $33.00 price objective on BJ's Restaurants and gave the company an "underweight" rating in a report on Friday, May 2nd. Finally, Barclays increased their target price on shares of BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.20.
View Our Latest Research Report on BJ's Restaurants
BJ's Restaurants Stock Performance
The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $980.18 million, a PE ratio of 65.21, a PEG ratio of 1.81 and a beta of 1.47. The business has a 50 day simple moving average of $34.34 and a 200 day simple moving average of $35.39.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.20. The business had revenue of $347.97 million for the quarter, compared to analyst estimates of $347.70 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Equities research analysts predict that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BJ's Restaurants by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator's stock worth $379,000 after purchasing an additional 342 shares in the last quarter. US Bancorp DE grew its holdings in shares of BJ's Restaurants by 23.5% in the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 362 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of BJ's Restaurants by 12.0% in the first quarter. Headlands Technologies LLC now owns 3,438 shares of the restaurant operator's stock worth $118,000 after acquiring an additional 369 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in BJ's Restaurants by 8.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator's stock valued at $709,000 after purchasing an additional 1,486 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of BJ's Restaurants by 14.6% during the first quarter. Russell Investments Group Ltd. now owns 13,617 shares of the restaurant operator's stock worth $467,000 after buying an additional 1,732 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
BJ's Restaurants Company Profile
(
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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.
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