BJ’s Restaurants (BJRI) Earning Somewhat Favorable News Coverage, Study Shows

Media headlines about BJ’s Restaurants (NASDAQ:BJRI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BJ’s Restaurants earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 46.9652510664855 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and issued a $42.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 28th. Barclays PLC decreased their target price on shares of BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a research report on Wednesday, July 19th. Piper Jaffray Companies restated a “hold” rating and issued a $44.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.33.

BJ’s Restaurants (NASDAQ BJRI) traded down 1.82% on Friday, hitting $32.30. 386,300 shares of the stock traded hands. The stock has a 50-day moving average price of $34.52 and a 200 day moving average price of $38.95. BJ’s Restaurants has a 12-month low of $30.40 and a 12-month high of $47.55. The stock has a market cap of $692.71 million, a P/E ratio of 19.03 and a beta of 1.08.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. The company had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities analysts expect that BJ’s Restaurants will post $1.63 EPS for the current fiscal year.

BJ’s Restaurants announced that its board has authorized a stock repurchase plan on Thursday, April 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other BJ’s Restaurants news, insider Alex Puchner sold 7,073 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $45.80, for a total value of $323,943.40. Following the completion of the sale, the insider now owns 4,094 shares in the company, valued at approximately $187,505.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin E. Mayer sold 4,468 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total transaction of $203,115.28. Following the sale, the vice president now owns 5,817 shares of the company’s stock, valued at approximately $264,440.82. The disclosure for this sale can be found here. Insiders sold a total of 15,914 shares of company stock valued at $723,150 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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