BJ’s Restaurants, Inc. (NASDAQ:BJRI)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research note issued to investors on Friday. They currently have a $44.00 target price on the restaurant operator’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 23.25% from the stock’s previous close.

Several other brokerages also recently commented on BJRI. Wedbush reaffirmed a “hold” rating and set a $45.00 target price on shares of BJ’s Restaurants in a report on Thursday, May 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $45.00 target price on shares of BJ’s Restaurants in a report on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 target price on shares of BJ’s Restaurants in a report on Thursday, April 27th. BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, TheStreet downgraded shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $38.56.

Shares of BJ’s Restaurants (NASDAQ BJRI) opened at 35.75 on Friday. The firm’s 50-day moving average is $42.24 and its 200-day moving average is $39.68. The company has a market capitalization of $770.70 million, a PE ratio of 19.50 and a beta of 1.10. BJ’s Restaurants has a 12-month low of $32.24 and a 12-month high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, April 27th. The restaurant operator reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. The business had revenue of $257.80 million during the quarter, compared to the consensus estimate of $255.66 million. BJ’s Restaurants had a net margin of 4.29% and a return on equity of 14.86%. BJ’s Restaurants’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities research analysts anticipate that BJ’s Restaurants will post $1.80 EPS for the current fiscal year.

BJ’s Restaurants declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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In other news, Director Larry D. Bouts sold 6,879 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.38, for a total value of $312,169.02. Following the completion of the transaction, the director now directly owns 75,225 shares in the company, valued at approximately $3,413,710.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alex Puchner sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $44.75, for a total transaction of $179,000.00. The disclosure for this sale can be found here. Insiders sold a total of 22,793 shares of company stock valued at $1,035,319 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,557 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of BJ’s Restaurants by 50.5% in the second quarter. GW&K Investment Management LLC now owns 352,993 shares of the restaurant operator’s stock valued at $13,149,000 after buying an additional 118,413 shares during the last quarter. Fox Run Management L.L.C. boosted its position in shares of BJ’s Restaurants by 298.3% in the second quarter. Fox Run Management L.L.C. now owns 23,100 shares of the restaurant operator’s stock valued at $860,000 after buying an additional 17,300 shares during the last quarter. UBS Oconnor LLC purchased a new position in shares of BJ’s Restaurants during the first quarter valued at approximately $1,122,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of BJ’s Restaurants by 18.2% in the first quarter. Public Employees Retirement System of Ohio now owns 16,878 shares of the restaurant operator’s stock valued at $682,000 after buying an additional 2,598 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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