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

BJ’s Restaurants (NASDAQ:BJRI) had its price target lowered by equities researchers at Barclays from $37.00 to $31.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential downside of 8.01% from the stock’s previous close.

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

BJ’s Restaurants Stock Performance

NASDAQ BJRI opened at $33.70 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $41.72. The business has a fifty day moving average of $34.22 and a 200-day moving average of $35.11. The stock has a market cap of $765.60 million, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 1.81 and a beta of 1.78.

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

Institutional Investors Weigh In On BJ’s Restaurants

Several large investors have recently added to or reduced their stakes in BJRI. US Bancorp DE increased its holdings in shares of BJ’s Restaurants by 23.5% in the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 362 shares during the period. Headlands Technologies LLC bought a new stake in shares of BJ’s Restaurants during the fourth quarter valued at about $108,000. Arizona State Retirement System bought a new position in BJ’s Restaurants in the 4th quarter valued at about $200,000. Two Sigma Securities LLC acquired a new position in BJ’s Restaurants during the 4th quarter valued at about $201,000. Finally, ProShare Advisors LLC bought a new stake in shares of BJ’s Restaurants during the 4th quarter worth about $203,000. 99.95% of the stock is owned by institutional investors and hedge funds.

About BJ’s Restaurants

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.