BJ’s Restaurants (NASDAQ:BJRI) Receives Daily News Sentiment Score of 0.09
News stories about BJ’s Restaurants (NASDAQ:BJRI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 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 news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 46.2270408072495 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Zacks: Brokerages Expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) Will Post Quarterly Sales of $250.00 Million (americanbankingnews.com)
- Downtrend Call Working As Bj’S Restaurants Stock Falls 20.2% (BJRI) (mysmartrend.com)
- BJ’s Restaurants, Inc. (NASDAQ:BJRI) Closed -8.6% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- BJ’s Restaurants, Inc. (NASDAQ:BJRI): Shares Spotted Near the 52-Week Low – Sparta Review (spartareview.com)
- Stock Monitor: Looking at the Levels on Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Sparta Review (spartareview.com)
Shares of BJ’s Restaurants (NASDAQ BJRI) traded up 0.15% during mid-day trading on Friday, hitting $33.10. The stock had a trading volume of 359,086 shares. BJ’s Restaurants has a one year low of $30.40 and a one year high of $47.55. The company has a 50-day moving average of $35.17 and a 200 day moving average of $39.05. The firm has a market cap of $709.86 million, a price-to-earnings ratio of 19.51 and a beta of 1.08.
BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results 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. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The firm had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. During the same period in the previous year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts forecast that BJ’s Restaurants will post $1.63 earnings per share for the current year.
BJ’s Restaurants declared that its Board of Directors has approved a share buyback plan on Thursday, April 27th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several research firms have commented on BJRI. Piper Jaffray Companies restated a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a report on Friday, July 14th. Barclays PLC lowered their price target on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a report on Wednesday, July 19th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price target on shares of BJ’s Restaurants in a report on Thursday, April 27th. Zacks Investment Research cut BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Wedbush upgraded BJ’s Restaurants from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $31.50 to $41.00 in a report on Thursday, April 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.33.
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In other news, insider Alex Puchner sold 7,073 shares of the 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 transaction, the insider now owns 4,094 shares of the company’s stock, valued at approximately $187,505.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin E. Mayer sold 4,468 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $45.46, for a total value of $203,115.28. Following the transaction, the vice president now directly owns 5,817 shares in the company, valued at approximately $264,440.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,914 shares of company stock worth $723,150. 6.80% of the stock is currently owned by insiders.
About BJ’s Restaurants
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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