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Equities researchers at Roth Capital reduced their price objective on shares of BJ’s Restaurants (NASDAQ:BJRI) from $32.00 to $28.00 in a research report issued on Friday, AR Network reports. Roth Capital’s price target points to a potential downside of 8.26% from the stock’s previous close.

A number of other analysts have also recently weighed in on BJRI. Analysts at Jefferies Group reiterated a “hold” rating on shares of BJ’s Restaurants in a research note to investors on Friday. They now have a $25.00 price target on the stock, down previously from $27.00. Separately, analysts at Buckingham Research initiated coverage on shares of BJ’s Restaurants in a research note to investors on Friday, January 10th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.73.

Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down 4.98% during mid-day trading on Friday, hitting $29.00. 2,439,995 shares of the company’s stock traded hands. BJ’s Restaurants has a 1-year low of $25.50 and a 1-year high of $40.99. The stock has a 50-day moving average of $30. and a 200-day moving average of $31.17. The company has a market cap of $818.6 million and a price-to-earnings ratio of 32.13.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 24th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that BJ’s Restaurants will post $0.87 earnings per share for the current fiscal year.

BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.

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