BJ’s Restaurants (NASDAQ:BJRI) Price Target Lowered to $35.00 at Barclays

BJ’s Restaurants (NASDAQ:BJRI) had its price objective reduced by analysts at Barclays from $36.00 to $35.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential downside of 6.02% from the stock’s previous close.

BJRI has been the subject of several other reports. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday. Wedbush reaffirmed an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.33.

BJ’s Restaurants Trading Up 3.7 %

Shares of BJRI stock opened at $37.24 on Friday. The stock has a 50-day simple moving average of $35.46 and a 200 day simple moving average of $34.82. BJ’s Restaurants has a fifty-two week low of $21.64 and a fifty-two week high of $38.87. The stock has a market capitalization of $870.67 million, a P/E ratio of 37.24, a P/E/G ratio of 1.90 and a beta of 2.13. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.15.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.23. BJ’s Restaurants had a return on equity of 6.51% and a net margin of 1.80%. The business had revenue of $349.93 million during the quarter, compared to analysts’ expectations of $349.18 million. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Restaurants will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 1,600 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total value of $56,896.00. Following the completion of the sale, the insider now directly owns 7,652 shares of the company’s stock, valued at approximately $272,105.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in BJ’s Restaurants in the 1st quarter worth about $45,000. Quadrant Capital Group LLC lifted its stake in BJ’s Restaurants by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 743 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in BJ’s Restaurants in the 2nd quarter worth about $57,000. Quest Partners LLC purchased a new stake in shares of BJ’s Restaurants during the 4th quarter worth about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BJ’s Restaurants by 13.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the restaurant operator’s stock worth $200,000 after purchasing an additional 673 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.