BJ's Restaurants, Inc. (NASDAQ:BJRI) has been given an average recommendation of “Hold” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.44.

BJRI has been the subject of a number of recent research reports. Barclays reissued an “underweight” rating and set a $30.00 price target (up from $27.00) on shares of BJ's Restaurants in a research report on Tuesday, January 16th. Stifel Nicolaus raised shares of 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 report on Wednesday, January 3rd. Zacks Investment Research lowered shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Canaccord Genuity reduced their price target on shares of BJ's Restaurants from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Finally, Wells Fargo & Co reduced their price target on shares of BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, October 18th.

Shares of BJ's Restaurants (BJRI) traded down $0.55 during trading on Friday, hitting $36.95. 386,200 shares of the company traded hands, compared to its average volume of 322,305. The stock has a market cap of $773.75, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.47 and a beta of 1.02. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. BJ's Restaurants has a 52-week low of $28.00 and a 52-week high of $47.55.

In other news, Director Patrick Walsh sold 120,000 shares of BJ's Restaurants stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the completion of the transaction, the director now directly owns 19,844 shares of the company’s stock, valued at approximately $703,072.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory Levin sold 7,209 shares of BJ's Restaurants stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total transaction of $245,178.09. Following the transaction, the chief financial officer now directly owns 45,672 shares of the company’s stock, valued at $1,553,304.72. The disclosure for this sale can be found here. Insiders have sold a total of 128,010 shares of company stock valued at $4,524,068 over the last three months. 6.80% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of BJ's Restaurants by 45.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 343,214 shares of the restaurant operator’s stock valued at $12,493,000 after purchasing an additional 107,602 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of BJ's Restaurants during the 4th quarter valued at approximately $255,000. Deutsche Bank AG increased its holdings in shares of BJ's Restaurants by 2.3% during the 4th quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock valued at $20,052,000 after purchasing an additional 12,459 shares in the last quarter. Armistice Capital LLC increased its holdings in shares of BJ's Restaurants by 28.0% during the 4th quarter. Armistice Capital LLC now owns 384,000 shares of the restaurant operator’s stock valued at $13,978,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Jefferies Group LLC purchased a new position in shares of BJ's Restaurants during the 4th quarter valued at approximately $1,454,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for BJ's Restaurants (NASDAQ:BJRI)

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