BJ's Restaurants (NASDAQ:BJRI) Sets New 1-Year Low - Here's What Happened

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $32.19 and last traded at $33.29, with a volume of 277535 shares trading hands. The stock had previously closed at $33.21.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. Wedbush lifted their price target on BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Gordon Haskett raised BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Sanford C. Bernstein set a $33.00 price target on shares of BJ's Restaurants and gave the company an "underweight" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $37.20.

BJ's Restaurants Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. The company has a fifty day moving average of $33.86 and a 200 day moving average of $35.16. The firm has a market capitalization of $833.06 million, a P/E ratio of 54.77, a PEG ratio of 1.81 and a beta of 1.47.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.20. The business had revenue of $347.97 million during the quarter, compared to the consensus estimate of $347.70 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. BJ's Restaurants's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. Sell-side analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On BJ's Restaurants

Several institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE lifted 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 buying an additional 362 shares during the period. DekaBank Deutsche Girozentrale bought a new position in BJ's Restaurants during the first quarter worth $97,000. Headlands Technologies LLC bought a new position in BJ's Restaurants during the fourth quarter worth $108,000. Arizona State Retirement System bought a new stake in BJ's Restaurants in the fourth quarter valued at $200,000. Finally, Two Sigma Securities LLC acquired a new position in shares of BJ's Restaurants during the fourth quarter valued at about $201,000. 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.