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

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

Other research analysts have also issued reports about the company. Gordon Haskett raised BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 7th. Finally, Wedbush increased their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $38.25.

BJ's Restaurants Stock Up 2.1 %

Shares of BJRI stock traded up $0.80 during trading hours on Friday, reaching $38.71. 636,515 shares of the stock were exchanged, compared to its average volume of 359,762. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. BJ's Restaurants has a 12-month low of $27.61 and a 12-month high of $41.72. The firm has a market capitalization of $863.85 million, a P/E ratio of 56.93, a P/E/G ratio of 1.81 and a beta of 1.78. The business's fifty day moving average is $33.83 and its two-hundred day moving average is $35.15.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.20. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The company had revenue of $347.97 million for the quarter, compared to analyst estimates of $347.70 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. BJ's Restaurants's revenue was up 3.2% compared to the same quarter last year. As a group, research analysts expect that BJ's Restaurants will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ's Restaurants

Several large investors have recently modified their holdings of BJRI. Raymond James Financial Inc. bought a new position in shares of BJ's Restaurants in the 4th quarter worth $4,502,000. Emerald Advisers LLC lifted its holdings in BJ's Restaurants by 2.6% during the 4th quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator's stock worth $20,513,000 after purchasing an additional 14,607 shares in the last quarter. Amundi boosted its stake in BJ's Restaurants by 198.2% during the fourth quarter. Amundi now owns 11,603 shares of the restaurant operator's stock valued at $410,000 after buying an additional 7,712 shares during the period. Invesco Ltd. grew its position in BJ's Restaurants by 147.9% during the fourth quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator's stock worth $9,134,000 after buying an additional 155,109 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of BJ's Restaurants in the 4th quarter valued at about $574,000. 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.