BJ’s Restaurants (NASDAQ:BJRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. DA Davidson set a $65.00 target price on BJ’s Restaurants in a research report on Friday, July 31st. Weiss Ratings raised BJ’s Restaurants from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. William Blair upgraded BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research note on Friday, July 17th. Benchmark raised their price objective on BJ’s Restaurants from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Mizuho raised shares of BJ’s Restaurants from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $74.00 to $76.00 in a report on Thursday, October 1st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.00.

BJ’s Restaurants Price Performance

BJRI stock opened at $57.71 on Friday. The company has a market capitalization of $1.23 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29. BJ’s Restaurants has a 52-week low of $33.36 and a 52-week high of $74.60. The business has a 50-day simple moving average of $60.03 and a two-hundred day simple moving average of $51.36.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.17 by $0.16. The firm had revenue of $358.63 million during the quarter, compared to the consensus estimate of $346.68 million. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. Research analysts expect that BJ’s Restaurants will post 2.38 EPS for the current fiscal year.

Insider Activity at BJ’s Restaurants

In related news, Director C Richmond purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average cost of $61.05 per share, with a total value of $30,525.00. Following the acquisition, the director owned 36,500 shares of the company’s stock, valued at $2,228,325. This represents a 1.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Institutional Trading of BJ’s Restaurants

A number of large investors have recently added to or reduced their stakes in BJRI. Public Employees Retirement System of Ohio purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter worth approximately $28,000. Bard Associates Inc. bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new position in BJ’s Restaurants in the second quarter valued at approximately $31,000. Signaturefd LLC lifted its stake in BJ’s Restaurants by 34.8% in the third quarter. Signaturefd LLC now owns 774 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in BJ’s Restaurants by 275.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,936 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 1,421 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile