Analysts Set BJ's Restaurants, Inc. (NASDAQ:BJRI) Target Price at $40.40

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $40.40.

A number of equities research analysts have recently weighed in on the company. Oppenheimer downgraded BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. Wedbush lifted their target price on shares of 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 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 research report on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of BJ's Restaurants from $34.00 to $37.00 and gave the stock an "underweight" rating in a report on Friday, February 21st.

BJ's Restaurants Stock Performance

BJRI stock traded down $1.39 on Tuesday, reaching $35.06. The company's stock had a trading volume of 249,530 shares, compared to its average volume of 347,259. BJ's Restaurants has a 52 week low of $27.61 and a 52 week high of $41.72. 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 market capitalization of $796.49 million, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. The firm has a fifty day moving average of $35.56 and a two-hundred day moving average of $35.02.

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BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The firm had revenue of $344.34 million for the quarter, compared to analyst estimates of $336.48 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. As a group, analysts predict that BJ's Restaurants will post 1.5 EPS for the current fiscal year.

Institutional Trading of BJ's Restaurants

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of BJ's Restaurants by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,137 shares of the restaurant operator's stock valued at $43,642,000 after purchasing an additional 78,852 shares during the period. Nomura Holdings Inc. grew its holdings in shares of BJ's Restaurants by 23.9% during the 4th quarter. Nomura Holdings Inc. now owns 837,031 shares of the restaurant operator's stock worth $29,409,000 after purchasing an additional 161,495 shares in the last quarter. American Century Companies Inc. increased its holdings in BJ's Restaurants by 12.8% in the 4th quarter. American Century Companies Inc. now owns 699,434 shares of the restaurant operator's stock valued at $24,575,000 after buying an additional 79,512 shares during the period. Emerald Advisers LLC raised its position in BJ's Restaurants by 2.6% during the fourth quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator's stock valued at $20,513,000 after purchasing an additional 14,607 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of BJ's Restaurants by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator's stock worth $16,056,000 after buying an additional 5,075 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

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.