BJ's Restaurants (NASDAQ:BJRI) Given New $31.00 Price Target at Barclays

BJ's Restaurants (NASDAQ:BJRI - Free Report) had its price target lowered by Barclays from $37.00 to $31.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an underweight rating on the restaurant operator's stock.

A number of other research analysts have also recently commented on the company. Gordon Haskett upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target on the stock in a research note on Wednesday, January 8th. Wedbush lifted 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. Finally, Oppenheimer lowered shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, BJ's Restaurants currently has a consensus rating of "Hold" and a consensus target price of $39.20.

BJ's Restaurants Trading Up 1.0 %

Shares of BJ's Restaurants stock traded up $0.33 during trading hours on Tuesday, hitting $33.35. The company's stock had a trading volume of 235,103 shares, compared to its average volume of 351,000. The firm has a fifty day moving average of $34.13 and a 200-day moving average of $35.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. The stock has a market cap of $744.24 million, a price-to-earnings ratio of 49.04, a P/E/G ratio of 1.81 and a beta of 1.78. BJ's Restaurants has a twelve month low of $27.61 and a twelve month high of $41.72.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. The company 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%. Research analysts forecast that BJ's Restaurants will post 1.5 EPS for the current year.

Institutional Trading of BJ's Restaurants

Institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its stake in BJ's Restaurants by 23.5% in the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 362 shares in the last quarter. Headlands Technologies LLC purchased a new position in BJ's Restaurants during the 4th quarter worth approximately $108,000. Arizona State Retirement System acquired a new position in BJ's Restaurants during the fourth quarter worth approximately $200,000. Two Sigma Securities LLC purchased a new stake in BJ's Restaurants in the fourth quarter valued at approximately $201,000. Finally, ProShare Advisors LLC acquired a new stake in shares of BJ's Restaurants in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors 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.