BJ’s Restaurants (NASDAQ:BJRI) Price Target Lowered to $31.00 at Barclays

BJ’s Restaurants (NASDAQ:BJRI) had its target price reduced by Barclays from $37.00 to $31.00 in a research note released on Tuesday,Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

Several other equities analysts also recently weighed in on the company. Wedbush raised their target price on BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Finally, Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.20.

BJ’s Restaurants Stock Up 2.0 %

Shares of BJRI opened at $33.44 on Tuesday. The firm has a market cap of $759.69 million, a P/E ratio of 49.18, a PEG ratio of 1.81 and a beta of 1.78. BJ’s Restaurants has a 12 month low of $27.61 and a 12 month high of $41.72. The stock’s 50 day moving average is $34.25 and its two-hundred day moving average is $35.12. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $344.34 million for the quarter, compared to analysts’ expectations of $336.48 million. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. Analysts predict that BJ’s Restaurants will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of BJ’s Restaurants by 23.5% during the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 362 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BJ’s Restaurants during the 4th quarter worth about $108,000. Arizona State Retirement System purchased a new position in shares of BJ’s Restaurants in the 4th quarter valued at about $200,000. Two Sigma Securities LLC acquired a new stake in shares of BJ’s Restaurants during the 4th quarter worth about $201,000. Finally, ProShare Advisors LLC purchased a new stake in BJ’s Restaurants during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

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.