Brokerages Set BJ’s Restaurants, Inc. (NASDAQ:BJRI) Price Target at $38.00

BJ’s Restaurants, Inc. (NASDAQ:BJRI) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.00.

BJRI has been the subject of several research reports. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Barclays lifted their target price on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Finally, Piper Sandler raised their target price 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.

Insider Transactions at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its position in shares of BJ’s Restaurants by 23.5% during the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 362 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of BJ’s Restaurants by 11.4% during the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock valued at $220,000 after purchasing an additional 693 shares during the period. Quarry LP boosted its position in shares of BJ’s Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 719 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of BJ’s Restaurants by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator’s stock valued at $3,894,000 after buying an additional 1,752 shares during the period. Finally, JPMorgan Chase & Co. increased its position in BJ’s Restaurants by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator’s stock valued at $888,000 after buying an additional 1,823 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

BJ’s Restaurants Stock Down 1.9 %

Shares of BJRI opened at $36.05 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $38.87. The stock has a market capitalization of $822.55 million, a price-to-earnings ratio of 28.84, a PEG ratio of 1.78 and a beta of 2.11. The stock has a fifty day moving average of $35.75 and a 200-day moving average of $33.91.

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.