BJ’s Restaurants (NASDAQ:BJRI) Downgraded by Oppenheimer to “Market Perform”

Oppenheimer lowered shares of BJ’s Restaurants (NASDAQ:BJRI) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on the stock. Barclays lowered their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Piper Sandler raised their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and a consensus target price of $38.00.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $35.31 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $33.99. BJ’s Restaurants has a twelve month low of $27.61 and a twelve month high of $38.87. The company has a market capitalization of $805.67 million, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.06 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. As a group, research analysts expect that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the transaction, the insider now directly owns 5,339 shares of the company’s stock, valued at $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 272 Capital LP purchased a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $1,173,000. Landscape Capital Management L.L.C. raised its stake in shares of BJ’s Restaurants by 75.9% during the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after purchasing an additional 35,722 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of BJ’s Restaurants during the third quarter valued at approximately $4,310,000. SG Americas Securities LLC purchased a new stake in shares of BJ’s Restaurants during the third quarter valued at approximately $500,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of BJ’s Restaurants during the third quarter valued at approximately $2,064,000. 99.95% of the stock is owned by institutional investors and hedge funds.

About BJ’s Restaurants

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.