BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $37.00

BJ’s Restaurants (NASDAQ:BJRI) had its price target upped by equities researchers at Barclays from $34.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price target suggests a potential downside of 2.86% from the company’s current price.

Other research analysts have also recently issued reports about the company. Piper Sandler upped their price objective on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $40.40.

BJ’s Restaurants Stock Up 6.6 %

BJRI stock opened at $38.09 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market capitalization of $869.10 million, a P/E ratio of 56.01, a P/E/G ratio of 1.73 and a beta of 2.11. The business has a 50-day moving average of $35.57 and a 200-day moving average of $34.19. 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) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $344.34 million during the quarter, compared to analysts’ expectations of $336.48 million. BJ’s Restaurants had a return on equity of 8.70% and a net margin of 1.23%. On average, sell-side analysts anticipate that BJ’s Restaurants will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Restaurants

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its holdings in BJ’s Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 719 shares in the last quarter. US Bancorp DE raised its stake in BJ’s Restaurants by 142.9% in 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 period. Headlands Technologies LLC bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $108,000. Arizona State Retirement System bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $200,000. Finally, Two Sigma Securities LLC bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $201,000. 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.