BJ's Restaurants, Inc. (NASDAQ:BJRI) Stock Has Consensus Target Price of $57.12 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on BJ’s Restaurants, with five buys, four holds, and two sells. The average 12-month price target is $57.12.
• Recent analyst sentiment has been mixed but generally improved, with William Blair and Mizuho upgrading the stock and Benchmark raising its price target to $80, while Zacks Research downgraded it to “Hold.”
• BJ’s Restaurants reported quarterly EPS of $0.94, exceeding the $0.90 consensus estimate, while revenue rose 6.4% year over year to $388.89 million. Shares opened at $59.07, and institutional investors own 99.95% of the company.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $57.12.

Several analysts have recently weighed in on the stock. William Blair upgraded shares of BJ's Restaurants from a "market perform" rating to an "outperform" rating in a research report on Friday, July 17th. Mizuho upgraded shares of BJ's Restaurants from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $74.00 to $76.00 in a research report on Thursday, October 1st. Zacks Research cut BJ's Restaurants from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 15th. Citigroup increased their target price on BJ's Restaurants from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Benchmark raised their price target on BJ's Restaurants from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, July 31st.

Insider Buying and Selling at BJ's Restaurants

In other BJ's Restaurants news, EVP Kendra D. Miller sold 2,978 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $69.80, for a total transaction of $207,864.40. Following the completion of the sale, the executive vice president directly owned 25,621 shares in the company, valued at $1,788,345.80. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director C Richmond purchased 500 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $61.05 per share, with a total value of $30,525.00. Following the completion of the transaction, the director owned 36,500 shares of the company's stock, valued at approximately $2,228,325. This trade represents a 1.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 67,784 shares of company stock worth $4,648,326 over the last 90 days. Company insiders own 2.40% of the company's stock.

Institutional Trading of BJ's Restaurants

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in BJ's Restaurants in the second quarter worth $28,000. Bard Associates Inc. purchased a new stake in shares of BJ's Restaurants during the second quarter valued at approximately $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of BJ's Restaurants during the second quarter valued at approximately $31,000. Nisa Investment Advisors LLC increased its position in shares of BJ's Restaurants by 275.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,936 shares of the restaurant operator's stock valued at $111,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of BJ's Restaurants by 5,341.1% during the first quarter. Fifth Third Bancorp now owns 3,047 shares of the restaurant operator's stock valued at $107,000 after acquiring an additional 2,991 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

BJ's Restaurants Trading Up 0.4%

Shares of BJRI opened at $59.07 on Wednesday. BJ's Restaurants has a 1-year low of $28.46 and a 1-year high of $74.60. The company has a market capitalization of $1.26 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22. The firm's 50 day simple moving average is $61.81 and its 200 day simple moving average is $54.84.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to analysts' expectations of $377.07 million. BJ's Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Sell-side analysts forecast that BJ's Restaurants will post 2.36 earnings per share for the current fiscal year.

BJ's Restaurants Company Profile

BJ's Restaurants, Inc operates casual dining restaurants under the BJ's Restaurant & Brewhouse brand. The company's restaurants offer a broad menu that includes deep-dish pizza, burgers, sandwiches, salads, pasta, steaks, seafood, and other American-style entrees.

BJ's is also known for its handcrafted beer and signature Pizookie dessert, a warm, freshly baked cookie typically served with ice cream. Its restaurants generally combine full-service dining with an in-house brewery or a selection of proprietary and seasonal beer offerings.

The company traces its history to 1978, when its first restaurant opened in Southern California.

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