News articles about BJ’s Restaurants (NASDAQ:BJRI) have trended positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BJ’s Restaurants earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 76 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- BJ’s Restaurants, Inc. (NASDAQ:BJRI) Closed -8.6% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- BJ’s Restaurants, Inc. (NASDAQ:BJRI): Shares Spotted Near the 52-Week Low – Sparta Review (spartareview.com)
- Stock Monitor: Looking at the Levels on Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Sparta Review (spartareview.com)
- BJ’s Restaurants, Inc. (NASDAQ:BJRI) Experiences Heavier than Average Trading Volume – Highlight Press (highlightpress.com)
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded up 0.61% on Wednesday, reaching $33.00. 695,213 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $36.48 and a 200 day moving average price of $39.27. The firm has a market cap of $711.41 million, a PE ratio of 19.45 and a beta of 1.08. BJ’s Restaurants has a one year low of $30.40 and a one year high of $47.55.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. Analysts expect that BJ’s Restaurants will post $1.63 EPS for the current fiscal year.
BJ’s Restaurants announced that its Board of Directors has authorized a share repurchase program on Thursday, April 27th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently issued reports on BJRI shares. Wedbush raised shares of BJ’s Restaurants from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $31.50 to $41.00 in a report on Thursday, April 20th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, April 27th. Canaccord Genuity restated a “hold” rating and issued a $45.00 price objective on shares of BJ’s Restaurants in a research report on Friday, April 28th. TheStreet cut shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Finally, BidaskClub cut shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. BJ’s Restaurants has a consensus rating of “Hold” and a consensus price target of $39.33.
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In other BJ’s Restaurants news, insider Alex Puchner sold 4,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $44.75, for a total value of $179,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry D. Bouts sold 6,879 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $45.38, for a total value of $312,169.02. Following the completion of the sale, the director now owns 75,225 shares of the company’s stock, valued at $3,413,710.50. The disclosure for this sale can be found here. Insiders have sold a total of 22,793 shares of company stock valued at $1,035,319 over the last 90 days. 6.80% of the stock is currently owned by company insiders.
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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