BJ’s Restaurants (NASDAQ:BJRI) Reaches New 52-Week Low at $40.79

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) reached a new 52-week low on Wednesday . The company traded as low as $40.79 and last traded at $41.00, with a volume of 506 shares. The stock had previously closed at $41.42.

A number of research firms recently weighed in on BJRI. Wells Fargo & Co dropped their price target on shares of BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, February 14th. BidaskClub raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Maxim Group reissued a “buy” rating and set a $84.00 price target on shares of BJ’s Restaurants in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, ValuEngine downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.70.

The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 1.66. The company has a market cap of $858.80 million, a P/E ratio of 17.47, a P/E/G ratio of 1.33 and a beta of 0.92.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The firm had revenue of $290.55 million during the quarter, compared to the consensus estimate of $289.49 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that BJ’s Restaurants, Inc. will post 2.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 10th. BJ’s Restaurants’s payout ratio is presently 20.43%.

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in BJ’s Restaurants in the first quarter worth about $34,000. Somerset Trust Co raised its holdings in shares of BJ’s Restaurants by 133.1% during the first quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 454 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BJ’s Restaurants by 29.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 357 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $130,000.

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About BJ’s Restaurants (NASDAQ:BJRI)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

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