BJ’s Restaurants Inc. (NASDAQ:BJRI) announced its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. BJ’s Restaurants had a net margin of 5.09% and a return on equity of 14.58%.
BJ’s Restaurants (NASDAQ:BJRI) traded up 0.76% during trading on Wednesday, hitting $35.69. The stock had a trading volume of 945,020 shares. The stock’s 50-day moving average price is $37.00 and its 200-day moving average price is $41.67. BJ’s Restaurants has a 1-year low of $34.41 and a 1-year high of $47.95. The company has a market capitalization of $862.73 million, a P/E ratio of 18.51 and a beta of 1.17.
A number of research analysts recently weighed in on BJRI shares. Zacks Investment Research downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Jefferies Group reaffirmed a “hold” rating on shares of BJ’s Restaurants in a research note on Wednesday, August 3rd. Wedbush dropped their price target on BJ’s Restaurants from $55.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Robert W. Baird reaffirmed a “neutral” rating on shares of BJ’s Restaurants in a research note on Thursday, September 8th. Finally, Canaccord Genuity started coverage on BJ’s Restaurants in a research note on Monday, August 22nd. They set a “hold” rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.67.
In related news, major shareholder Luxor Capital Group, Lp sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $35.74, for a total value of $1,322,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alex Puchner sold 10,319 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $40.67, for a total value of $419,673.73. Following the completion of the sale, the insider now directly owns 2,602 shares in the company, valued at $105,823.34. The disclosure for this sale can be found here. 7.10% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Invictus RG boosted its stake in BJ’s Restaurants by 27.3% in the second quarter. Invictus RG now owns 2,354 shares of the company’s stock valued at $103,000 after buying an additional 505 shares during the last quarter. BlackRock Inc. boosted its stake in BJ’s Restaurants by 120.5% in the second quarter. BlackRock Inc. now owns 3,178 shares of the company’s stock valued at $139,000 after buying an additional 1,737 shares during the last quarter. Advisor Group Inc. purchased a new stake in BJ’s Restaurants during the second quarter valued at $152,000. Clinton Group Inc. purchased a new stake in BJ’s Restaurants during the second quarter valued at $208,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in BJ’s Restaurants during the second quarter valued at $278,000. 93.55% of the stock is currently owned by institutional investors.
About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.
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