Key Points
- Director C. Bradford Richmond purchased 1,200 shares on March 3 at an average price of $35.10 for $42,120, increasing his holding to 16,700 shares (a 7.74% bump).
- Recent quarter beat: BJ's reported EPS of $0.66 versus $0.60 expected and revenue of $355.4M versus $353.7M, with revenue up 3.2% year‑over‑year.
- Analysts maintain an average rating of "Hold" with a $42.38 average price target; the stock trades near $35.21, with a market cap around $746M and a 52‑week range of $28.46–$47.02.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) Director C Bradford Richmond purchased 1,200 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $35.10 per share, for a total transaction of $42,120.00. Following the acquisition, the director owned 16,700 shares in the company, valued at approximately $586,170. The trade was a 7.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
BJ's Restaurants Stock Performance
NASDAQ BJRI traded down $0.62 during trading hours on Friday, hitting $35.21. The company had a trading volume of 424,383 shares, compared to its average volume of 354,429. BJ's Restaurants, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $47.02. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $41.79 and a 200-day simple moving average of $36.94. The firm has a market cap of $746.45 million, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.32.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Wednesday, February 25th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. BJ's Restaurants had a return on equity of 13.82% and a net margin of 3.49%.The company had revenue of $355.40 million for the quarter, compared to analysts' expectations of $353.71 million. During the same period last year, the business posted $0.47 earnings per share. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.
Hedge Funds Weigh In On BJ's Restaurants
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in BJ's Restaurants by 23.5% during the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator's stock worth $102,665,000 after buying an additional 640,648 shares in the last quarter. UBS Group AG boosted its stake in shares of BJ's Restaurants by 576.9% during the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator's stock worth $44,326,000 after acquiring an additional 1,237,383 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BJ's Restaurants by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,001 shares of the restaurant operator's stock worth $42,709,000 after acquiring an additional 23,513 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of BJ's Restaurants by 48.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator's stock worth $28,557,000 after purchasing an additional 306,930 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of BJ's Restaurants by 7.6% during the third quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator's stock valued at $27,078,000 after purchasing an additional 62,321 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.
Analysts Set New Price Targets
BJRI has been the topic of a number of recent analyst reports. DA Davidson assumed coverage on BJ's Restaurants in a report on Friday. They set a "neutral" rating and a $38.00 price target on the stock. Citigroup increased their price target on BJ's Restaurants from $45.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday, February 26th. Benchmark raised their price target on BJ's Restaurants from $44.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Mizuho upped their price objective on shares of BJ's Restaurants from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Finally, Barclays increased their target price on shares of BJ's Restaurants from $39.00 to $42.00 and gave the company an "underweight" rating in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, BJ's Restaurants currently has an average rating of "Hold" and an average price target of $42.38.
Check Out Our Latest Analysis on BJRI
About BJ's Restaurants
(
Get Free Report)
BJ's Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ's Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.
Founded in 1978 in Orange County, California, BJ's Restaurants began as BJ's Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.
Further Reading
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