BJ’s Restaurants (NASDAQ:BJRI) Price Target Cut to $32.00 by Analysts at Barclays

BJ’s Restaurants (NASDAQ:BJRI) had its target price reduced by Barclays from $35.00 to $32.00 in a report published on Friday morning, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

Several other equities analysts also recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $33.44 on Friday. The stock has a fifty day moving average price of $32.90 and a 200 day moving average price of $33.48. The stock has a market cap of $781.93 million, a PE ratio of 26.75, a P/E/G ratio of 1.86 and a beta of 2.10. BJ’s Restaurants has a 1 year low of $26.25 and a 1 year high of $38.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.16) EPS. Sell-side analysts forecast that BJ’s Restaurants will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Restaurants

In other news, CEO C Bradford Richmond bought 2,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now owns 16,905 shares in the company, valued at $497,007. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BJRI. Meeder Asset Management Inc. acquired a new position in shares of BJ’s Restaurants in the 2nd quarter worth approximately $40,000. EntryPoint Capital LLC acquired a new position in BJ’s Restaurants during the 1st quarter valued at approximately $45,000. US Bancorp DE boosted its position in BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the period. 1620 Investment Advisors Inc. acquired a new position in BJ’s Restaurants during the 2nd quarter valued at approximately $57,000. Finally, Headlands Technologies LLC boosted its position in BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the period. Institutional investors and hedge funds 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.