Stifel Nicolaus upgraded shares of BJ's Restaurants (NASDAQ:BJRI) from a hold rating to a buy rating in a report released on Wednesday, January 3rd, Marketbeat reports. They currently have $44.00 price objective on the restaurant operator’s stock, up from their previous price objective of $32.00.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded BJ's Restaurants from a hold rating to a sell rating in a research report on Friday, December 29th. Canaccord Genuity reduced their price objective on BJ's Restaurants from $42.00 to $38.00 and set a buy rating on the stock in a research note on Friday, October 27th. Barclays reduced their price objective on BJ's Restaurants from $29.00 to $27.00 and set an underweight rating on the stock in a research note on Friday, October 27th. Robert W. Baird restated a hold rating and set a $36.00 price objective on shares of BJ's Restaurants in a research note on Thursday, October 12th. Finally, Wells Fargo & Co reduced their price objective on BJ's Restaurants from $35.00 to $30.00 and set a market perform rating on the stock in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. BJ's Restaurants currently has an average rating of Hold and an average price target of $39.44.

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Shares of BJ's Restaurants (NASDAQ:BJRI) opened at $38.40 on Wednesday. BJ's Restaurants has a 1 year low of $28.00 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.56. The stock has a market capitalization of $796.45, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96.

In other BJ's Restaurants news, insider Brian S. Krakower sold 801 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $34.07, for a total transaction of $27,290.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick Walsh sold 37,764 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total value of $1,192,964.76. Following the sale, the director now owns 19,844 shares in the company, valued at approximately $626,871.96. The disclosure for this sale can be found here. Insiders have sold 184,102 shares of company stock worth $6,287,084 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of BJRI. Victory Capital Management Inc. grew its holdings in BJ's Restaurants by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock worth $164,000 after buying an additional 657 shares in the last quarter. SG Americas Securities LLC lifted its position in BJ's Restaurants by 20.8% in the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 877 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in BJ's Restaurants by 59.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 2,620 shares during the period. Pacad Investment Ltd. lifted its position in BJ's Restaurants by 1.8% in the second quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after purchasing an additional 100 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in BJ's Restaurants in the second quarter worth approximately $231,000. 92.23% of the stock is owned by 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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