Barclays Increases BJ's Restaurants (NASDAQ:BJRI) Price Target to $33.00

BJ's Restaurants (NASDAQ:BJRI - Free Report) had its price target hoisted by Barclays from $31.00 to $33.00 in a report released on Friday,Benzinga reports. Barclays currently has an underweight rating on the restaurant operator's stock.

BJRI has been the topic of several other reports. Wedbush lifted their price target on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Oppenheimer lowered shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 7th. Finally, 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 report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.20.

BJ's Restaurants Price Performance

Shares of BJ's Restaurants stock traded up $0.22 on Friday, reaching $37.48. The stock had a trading volume of 326,714 shares, compared to its average volume of 360,507. The business's 50 day moving average is $33.86 and its two-hundred day moving average is $35.18. The company has a market cap of $836.40 million, a P/E ratio of 55.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. BJ's Restaurants has a 1 year low of $27.61 and a 1 year high of $41.72. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.20. The company had revenue of $347.97 million during the quarter, compared to analyst estimates of $347.70 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. As a group, research analysts anticipate that BJ's Restaurants will post 1.5 EPS for the current year.

Institutional Investors Weigh In On BJ's Restaurants

Several hedge funds have recently made changes to their positions in BJRI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BJ's Restaurants by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator's stock valued at $379,000 after purchasing an additional 342 shares during the last quarter. US Bancorp DE increased its position in BJ's Restaurants by 23.5% during 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 during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of BJ's Restaurants by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator's stock valued at $709,000 after purchasing an additional 1,486 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of BJ's Restaurants by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock worth $3,894,000 after buying an additional 1,752 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in BJ's Restaurants by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock valued at $4,454,000 after buying an additional 1,771 shares during the period. 99.95% of the stock is currently owned by institutional investors.

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.