BJ’s Restaurants (NASDAQ:BJRI) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of BJ’s Restaurants (NASDAQ:BJRI) from a buy rating to a hold rating in a report released on Friday, July 27th.

Other equities research analysts have also recently issued research reports about the stock. Stephens reaffirmed a buy rating and set a $70.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 20th. Barclays upped their price objective on shares of BJ’s Restaurants from $47.00 to $49.00 and gave the stock a $63.80 rating in a research report on Wednesday, July 18th. Wedbush upped their price objective on shares of BJ’s Restaurants from $60.00 to $66.00 and gave the stock an outperform rating in a research report on Wednesday, June 27th. They noted that the move was a valuation call. Zacks Investment Research cut shares of BJ’s Restaurants from a strong-buy rating to a hold rating in a report on Tuesday, June 26th. Finally, ValuEngine raised shares of BJ’s Restaurants from a hold rating to a buy rating in a report on Monday, April 9th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $57.64.

BJRI traded up $0.11 on Friday, hitting $63.90. 222,197 shares of the stock were exchanged, compared to its average volume of 383,943. BJ’s Restaurants has a 12 month low of $28.00 and a 12 month high of $73.05. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 45.32, a P/E/G ratio of 1.98 and a beta of 0.76.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.15. BJ’s Restaurants had a net margin of 5.35% and a return on equity of 15.76%. The business had revenue of $287.63 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. BJ’s Restaurants’s revenue was up 8.2% compared to the same quarter last year. sell-side analysts anticipate that BJ’s Restaurants will post 2.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 27th. Stockholders of record on Monday, August 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.69%. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 31.21%.

In other news, Director Gerald W. Deitchle sold 6,995 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $64.43, for a total value of $450,687.85. Following the completion of the transaction, the director now owns 14,320 shares of the company’s stock, valued at $922,637.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kendra D. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now directly owns 10,733 shares of the company’s stock, valued at approximately $686,912. The disclosure for this sale can be found here. Insiders sold 32,436 shares of company stock valued at $1,947,776 in the last three months. Company insiders own 6.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BJRI. Bank of New York Mellon Corp increased its stake in shares of BJ’s Restaurants by 11.9% in the fourth quarter. Bank of New York Mellon Corp now owns 264,863 shares of the restaurant operator’s stock valued at $9,641,000 after buying an additional 28,094 shares during the period. Geode Capital Management LLC increased its stake in shares of BJ’s Restaurants by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 179,980 shares of the restaurant operator’s stock valued at $6,551,000 after buying an additional 2,676 shares during the period. Alliancebernstein L.P. increased its position in BJ’s Restaurants by 12.9% during the 4th quarter. Alliancebernstein L.P. now owns 32,870 shares of the restaurant operator’s stock valued at $1,196,000 after purchasing an additional 3,750 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in BJ’s Restaurants during the 4th quarter valued at approximately $255,000. Finally, Goldman Sachs Group Inc. increased its position in BJ’s Restaurants by 45.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 343,214 shares of the restaurant operator’s stock valued at $12,493,000 after purchasing an additional 107,602 shares during the period. 97.81% of the stock is owned by institutional investors.

About BJ’s Restaurants

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 June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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