Barclays Has Lowered Expectations for BJ’s Restaurants (NASDAQ:BJRI) Stock Price

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

A number of other equities analysts also recently issued reports on BJRI. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.00.

BJ’s Restaurants Stock Performance

Shares of BJRI traded down $3.10 on Friday, reaching $33.99. The company’s stock had a trading volume of 1,044,615 shares, compared to its average volume of 390,162. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27. The stock has a market capitalization of $794.69 million, a P/E ratio of 27.86, a PEG ratio of 1.88 and a beta of 2.12. The stock’s 50 day simple moving average is $32.88 and its two-hundred day simple moving average is $33.45. BJ’s Restaurants has a 12-month low of $26.25 and a 12-month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The business had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) EPS. Research 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 purchased 2,500 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Several institutional investors and hedge funds have recently modified their holdings of BJRI. Meeder Asset Management Inc. bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $40,000. EntryPoint Capital LLC bought a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $45,000. US Bancorp DE raised its position in shares of BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 906 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $57,000. Finally, Headlands Technologies LLC increased its position in BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,328 shares during the last quarter. 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.