Jefferies Group Lowers BJ’s Restaurants Price Target to $25.00 (BJRI)
Research analysts at Jefferies Group decreased their target price on shares of BJ’s Restaurants (NASDAQ:BJRI) from $31.00 to $25.00 in a report released on Friday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 4.76% from the stock’s previous close.
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down 10.07% on Friday, hitting $26.25. The stock had a trading volume of 2,535,039 shares. BJ’s Restaurants has a 1-year low of $28.94 and a 1-year high of $45.63. The stock’s 50-day moving average is $32.44 and its 200-day moving average is $34.51. The company has a market cap of $740.1 million and a price-to-earnings ratio of 27.54.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.04. The company had revenue of $188.24 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter last year, the company posted $0.24 earnings per share. BJ’s Restaurants’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that BJ’s Restaurants will post $1.03 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of BJ’s Restaurants from $35.00 to $28.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of BJ’s Restaurants in a research note to investors on Wednesday, October 9th. They now have a $32.00 price target on the stock, down previously from $42.00. Finally, analysts at Zacks downgraded shares of BJ’s Restaurants from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.64.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.