BJ's Restaurants (BJRI) Trading 6.3% Higher

BJ's Restaurants, Inc. (NASDAQ:BJRI) shares traded up 6.3% on Wednesday . The company traded as high as $40.35 and last traded at $39.05. 1,055,816 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 714,808 shares. The stock had previously closed at $36.75.

A number of research analysts have weighed in on the stock. Wells Fargo & Co cut their price objective on shares of BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 18th. Stifel Nicolaus raised shares of BJ's Restaurants from a “hold” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $44.00 in a report on Wednesday. Zacks Investment Research cut shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Barclays cut their target price on shares of BJ's Restaurants from $29.00 to $27.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. Finally, Canaccord Genuity reissued a “buy” rating and set a $42.00 target price on shares of BJ's Restaurants in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.22.

The stock has a market capitalization of $805.73, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79.

BJ's Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. BJ's Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. equities analysts expect that BJ's Restaurants, Inc. will post 1.38 earnings per share for the current fiscal year.

In other BJ's Restaurants news, CFO Gregory Levin sold 7,209 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total value of $245,178.09. Following the transaction, the chief financial officer now directly owns 45,672 shares in the company, valued at approximately $1,553,304.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick Walsh sold 120,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the completion of the transaction, the director now owns 19,844 shares in the company, valued at $703,072.92. The disclosure for this sale can be found here. Insiders sold a total of 184,102 shares of company stock worth $6,287,084 over the last quarter. 6.80% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC boosted its holdings in BJ's Restaurants by 3.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 94,818 shares of the restaurant operator’s stock valued at $2,887,000 after purchasing an additional 3,248 shares during the last quarter. Magnetar Financial LLC boosted its holdings in BJ's Restaurants by 70.6% in the 3rd quarter. Magnetar Financial LLC now owns 17,523 shares of the restaurant operator’s stock valued at $534,000 after purchasing an additional 7,251 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in BJ's Restaurants by 207.9% in the 3rd quarter. Engineers Gate Manager LP now owns 49,802 shares of the restaurant operator’s stock valued at $1,516,000 after purchasing an additional 33,628 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in BJ's Restaurants by 31.0% in the 3rd quarter. Pinebridge Investments L.P. now owns 25,902 shares of the restaurant operator’s stock valued at $789,000 after purchasing an additional 6,131 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of BJ's Restaurants by 11.4% in the 3rd quarter. KBC Group NV now owns 84,482 shares of the restaurant operator’s stock worth $2,572,000 after acquiring an additional 8,664 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.

WARNING: “BJ's Restaurants (BJRI) Trading 6.3% Higher” was originally published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3126948/bjs-restaurants-bjri-trading-6-3-higher.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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.