Media stories about BJ's Restaurants (NASDAQ:BJRI) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BJ's Restaurants earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.6387129292141 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- BJ's Restaurants, Inc. (BJRI) Expected to Post Earnings of $0.54 Per Share (americanbankingnews.com)
- Insider Selling: BJ's Restaurants, Inc. (BJRI) Insider Sells 5,504 Shares of Stock (americanbankingnews.com)
- Why Did BJ's Restaurants, Inc. Shares Gain 15% in February? (finance.yahoo.com)
- BJ’s Restaurants, Inc. (BJRI) – Technical Roundup – Wall Street Morning (wallstreetmorning.com)
- BJ’s Restaurants – Brewing Value – Seeking Alpha (seekingalpha.com)
BJ's Restaurants (BJRI) opened at $43.70 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.63. BJ's Restaurants has a one year low of $28.00 and a one year high of $47.55. The firm has a market capitalization of $906.28, a P/E ratio of 20.91, a P/E/G ratio of 1.61 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, March 12th. BJ's Restaurants’s payout ratio is 5.26%.
BJRI has been the subject of a number of recent research reports. Zacks Investment Research downgraded BJ's Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Stifel Nicolaus raised BJ's Restaurants from a “hold” rating to a “buy” rating and raised their price target for the stock from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price objective on shares of BJ's Restaurants in a research note on Monday, January 8th. Barclays reissued an “underweight” rating and issued a $30.00 price objective (up from $27.00) on shares of BJ's Restaurants in a research note on Tuesday, January 16th. Finally, Wedbush raised BJ's Restaurants from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $44.00 in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. BJ's Restaurants presently has a consensus rating of “Hold” and a consensus target price of $40.56.
In other BJ's Restaurants news, Director Gerald W. Deitchle sold 161,703 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $43.55, for a total value of $7,042,165.65. Following the sale, the director now owns 80,548 shares of the company’s stock, valued at approximately $3,507,865.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian S. Krakower sold 5,504 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the sale, the insider now directly owns 3,318 shares in the company, valued at approximately $146,688.78. The disclosure for this sale can be found here. Insiders sold a total of 170,867 shares of company stock worth $7,447,599 over the last three months. 6.80% of the stock is owned by company insiders.
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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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