Other equities analysts also recently issued reports about the stock. Maxim Group reissued a buy rating and set a $84.00 price target on shares of BJ’s Restaurants in a report on Wednesday, February 13th. Wedbush reissued a buy rating and set a $60.00 price target on shares of BJ’s Restaurants in a report on Thursday, June 6th. Zacks Investment Research cut shares of BJ’s Restaurants from a buy rating to a hold rating in a research report on Monday, May 20th. ValuEngine cut shares of BJ’s Restaurants from a buy rating to a hold rating in a research report on Monday, February 25th. Finally, Stephens lowered their price objective on shares of BJ’s Restaurants from $80.00 to $70.00 and set an in-line rating for the company in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $62.64.
Shares of BJRI stock opened at $41.44 on Tuesday. BJ’s Restaurants has a 12-month low of $40.64 and a 12-month high of $76.50. The stock has a market cap of $848.24 million, a P/E ratio of 17.63, a PEG ratio of 1.26 and a beta of 0.92. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The firm had revenue of $290.55 million during the quarter, compared to the consensus estimate of $289.49 million. During the same period last year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that BJ’s Restaurants will post 2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 10th. BJ’s Restaurants’s payout ratio is presently 20.43%.
A number of institutional investors and hedge funds have recently bought and sold shares of BJRI. Marshall Wace North America L.P. grew its holdings in BJ’s Restaurants by 117.1% during the first quarter. Marshall Wace North America L.P. now owns 153,781 shares of the restaurant operator’s stock valued at $7,272,000 after purchasing an additional 82,936 shares during the period. Nordea Investment Management AB grew its holdings in BJ’s Restaurants by 7,770.3% during the first quarter. Nordea Investment Management AB now owns 94,443 shares of the restaurant operator’s stock valued at $4,465,000 after purchasing an additional 93,243 shares during the period. FMR LLC grew its holdings in BJ’s Restaurants by 16.2% during the first quarter. FMR LLC now owns 488,738 shares of the restaurant operator’s stock valued at $23,107,000 after purchasing an additional 68,138 shares during the period. BlueMountain Capital Management LLC acquired a new position in BJ’s Restaurants during the first quarter valued at approximately $1,245,000. Finally, One Wealth Advisors LLC acquired a new position in BJ’s Restaurants during the first quarter valued at approximately $230,000.
BJ’s Restaurants Company Profile
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.
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