BJ’s Restaurants (BJRI) Earns Coverage Optimism Rating of 0.10
News stories about BJ’s Restaurants (NASDAQ:BJRI) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BJ’s Restaurants earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 46.1719046415804 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have issued reports on BJRI. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price objective on shares of BJ’s Restaurants in a report on Friday, July 14th. Barclays PLC dropped their price objective on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price objective on shares of BJ’s Restaurants in a report on Thursday, April 27th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Wedbush raised BJ’s Restaurants from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $31.50 to $41.00 in a report on Thursday, April 20th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $39.33.
BJ’s Restaurants (NASDAQ:BJRI) traded down 0.825% during trading on Monday, hitting $33.075. The company had a trading volume of 324,955 shares. The company’s 50 day moving average price is $36.48 and its 200-day moving average price is $39.27. BJ’s Restaurants has a 12 month low of $30.40 and a 12 month high of $47.55. The company has a market cap of $713.03 million, a PE ratio of 19.490 and a beta of 1.08.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. The business had revenue of $265.80 million for the quarter, compared to analyst estimates of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. BJ’s Restaurants’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Equities analysts expect that BJ’s Restaurants will post $1.63 earnings per share for the current year.
BJ’s Restaurants announced that its board has authorized a stock repurchase program on Thursday, April 27th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the restaurant operator to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In other BJ’s Restaurants news, Director Larry D. Bouts sold 6,879 shares of the company’s stock in a transaction dated 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 owns 75,225 shares in the company, valued at approximately $3,413,710.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alex Puchner sold 7,073 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $45.80, for a total transaction of $323,943.40. Following the completion of the transaction, the insider now owns 4,094 shares of the company’s stock, valued at approximately $187,505.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,793 shares of company stock worth $1,035,319. 6.80% of the stock is owned by company insiders.
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.
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