BidaskClub Upgrades BJ's Restaurants (BJRI) to Buy
BidaskClub upgraded shares of BJ's Restaurants (NASDAQ:BJRI) from a hold rating to a buy rating in a research report released on Wednesday morning.
Several other equities research analysts have also issued reports on the stock. Morgan Stanley reissued an equal weight rating and issued a $38.00 price objective (up previously from $34.00) on shares of BJ's Restaurants in a research report on Monday, February 26th. Stifel Nicolaus reissued a buy rating and issued a $48.00 price objective on shares of BJ's Restaurants in a research report on Friday, February 23rd. Jefferies Group reissued a hold rating and issued a $40.00 price objective on shares of BJ's Restaurants in a research report on Friday, February 23rd. Canaccord Genuity restated a buy rating and issued a $50.00 target price (up from $45.00) on shares of BJ's Restaurants in a research note on Friday, February 23rd. Finally, Wedbush upped their target price on shares of BJ's Restaurants from $44.00 to $48.00 and gave the company an outperform rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $40.56.
BJ's Restaurants (NASDAQ:BJRI) traded up $1.05 during trading on Wednesday, hitting $44.40. 606,906 shares of the stock traded hands, compared to its average volume of 385,595. BJ's Restaurants has a 52 week low of $28.00 and a 52 week high of $47.55. The firm has a market capitalization of $938.31, a price-to-earnings ratio of 33.38, a P/E/G ratio of 1.59 and a beta of 0.81. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.63.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.99%. BJ's Restaurants’s dividend payout ratio (DPR) is presently 8.27%.
In other news, Director Gerald W. Deitchle sold 161,703 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $43.55, for a total value of $7,042,165.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in BJ's Restaurants by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,802,486 shares of the restaurant operator’s stock valued at $67,142,000 after acquiring an additional 51,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BJ's Restaurants by 13.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock valued at $32,746,000 after acquiring an additional 131,078 shares during the last quarter. Millennium Management LLC boosted its stake in BJ's Restaurants by 41.1% during the 4th quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock valued at $37,330,000 after acquiring an additional 298,835 shares during the last quarter. Deutsche Bank AG boosted its stake in BJ's Restaurants by 2.3% during the 4th quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock valued at $20,052,000 after acquiring an additional 12,459 shares during the last quarter. Finally, State Street Corp boosted its stake in BJ's Restaurants by 0.6% during the 2nd quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock valued at $19,485,000 after acquiring an additional 3,225 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/03/03/bidaskclub-upgrades-bjs-restaurants-bjri-to-buy.html.
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.
Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.