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.
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.
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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.
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