Barclays Lowers BJ's Restaurants (NASDAQ:BJRI) Price Target to $31.00

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) had its price target decreased by Barclays from $37.00 to $31.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the restaurant operator's stock. Barclays's price objective would suggest a potential downside of 6.17% from the stock's previous close.

A number of other research firms have also recently commented on BJRI. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. Gordon Haskett raised shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. Finally, Wedbush increased their price objective on BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.20.

BJ's Restaurants Trading Up 0.7 %

Shares of BJRI stock traded up $0.24 during trading hours on Tuesday, hitting $33.04. 102,927 shares of the company were exchanged, compared to its average volume of 351,868. The firm has a market cap of $750.53 million, a P/E ratio of 48.74, a P/E/G ratio of 1.81 and a beta of 1.78. The company has a 50 day simple moving average of $34.28 and a two-hundred day simple moving average of $35.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. BJ's Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $41.72.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The firm had revenue of $344.34 million during the quarter, compared to analysts' expectations of $336.48 million. Equities analysts anticipate that BJ's Restaurants will post 1.5 EPS for the current year.

Institutional Investors Weigh In On BJ's Restaurants

Several hedge funds have recently added to or reduced their stakes in BJRI. Geode Capital Management LLC grew its position in BJ's Restaurants by 1.0% during the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator's stock valued at $16,056,000 after acquiring an additional 5,075 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of BJ's Restaurants by 7.2% during the third quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator's stock valued at $888,000 after buying an additional 1,823 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of BJ's Restaurants by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock worth $3,894,000 after buying an additional 1,752 shares during the period. Rothschild Investment LLC increased its holdings in shares of BJ's Restaurants by 3.6% in the fourth quarter. Rothschild Investment LLC now owns 110,895 shares of the restaurant operator's stock worth $3,896,000 after buying an additional 3,835 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in BJ's Restaurants during the 4th quarter valued at about $574,000. Institutional investors own 99.95% of the company's stock.

About BJ's Restaurants

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.