BJ's Restaurants, Inc. (NASDAQ:BJRI) saw some unusual options trading on Monday. Investors purchased 1,678 call options on the company. This is an increase of approximately 1,143% compared to the typical daily volume of 135 call options.
BJ's Restaurants (BJRI) opened at $43.65 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.46 and a current ratio of 0.56. The company has a market cap of $900.65, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.66 and a beta of 1.02. BJ's Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55.
BJ's Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $261.10 million during the quarter, compared to the consensus estimate of $259.34 million. BJ's Restaurants had a net margin of 4.34% and a return on equity of 12.07%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. analysts expect that BJ's Restaurants will post 1.72 EPS for the current year.
Several research firms have commented on BJRI. Morgan Stanley boosted their price target on shares of BJ's Restaurants from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday. Stifel Nicolaus upgraded shares of BJ's Restaurants from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Canaccord Genuity restated a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of BJ's Restaurants in a research note on Friday. Wedbush upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $37.00 to $44.00 in a research note on Thursday, February 15th. Finally, Barclays boosted their price target on shares of BJ's Restaurants from $30.00 to $31.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.56.
In other BJ's Restaurants news, Director Patrick Walsh sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $35.43, for a total value of $4,251,600.00. Following the sale, the director now owns 19,844 shares of the company’s stock, valued at $703,072.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC grew its stake in shares of BJ's Restaurants by 3.5% during the third quarter. Segall Bryant & Hamill LLC now owns 94,818 shares of the restaurant operator’s stock worth $2,887,000 after purchasing an additional 3,248 shares in the last quarter. Wells Fargo & Company MN boosted its stake in BJ's Restaurants by 13.0% in the third quarter. Wells Fargo & Company MN now owns 66,090 shares of the restaurant operator’s stock valued at $2,012,000 after acquiring an additional 7,610 shares in the last quarter. State Street Corp boosted its stake in BJ's Restaurants by 0.6% in the second quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock valued at $19,485,000 after acquiring an additional 3,225 shares in the last quarter. Prudential Financial Inc. boosted its stake in BJ's Restaurants by 93.1% in the third quarter. Prudential Financial Inc. now owns 88,523 shares of the restaurant operator’s stock valued at $2,696,000 after acquiring an additional 42,690 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in BJ's Restaurants by 3.4% in the third quarter. Principal Financial Group Inc. now owns 140,706 shares of the restaurant operator’s stock valued at $4,284,000 after acquiring an additional 4,609 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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BJ's Restaurants Company Profile
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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