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

BJ’s Restaurants (NASDAQ:BJRI) had its target price hoisted by analysts at Barclays from $34.00 to $37.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential downside of 2.86% from the stock’s current price.

A number of other research firms also recently weighed in on BJRI. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Piper Sandler boosted their target price 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. Gordon Haskett upgraded BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.40.

BJ’s Restaurants Trading Up 6.6 %

Shares of BJRI opened at $38.09 on Friday. The stock has a fifty day moving average price of $35.57 and a two-hundred day moving average price of $34.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a 52-week low of $27.61 and a 52-week high of $41.72. The company has a market cap of $869.10 million, a price-to-earnings ratio of 56.01, a PEG ratio of 1.73 and a beta of 2.11.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. BJ’s Restaurants had a return on equity of 8.70% and a net margin of 1.23%. Analysts predict that BJ’s Restaurants will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. grew its stake in shares of BJ’s Restaurants by 75.9% during the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock worth $2,696,000 after purchasing an additional 35,722 shares during the period. Eagle Asset Management Inc. acquired a new position in BJ’s Restaurants in the third quarter valued at about $4,310,000. Dynamic Technology Lab Private Ltd acquired a new position in BJ’s Restaurants in the third quarter valued at about $2,064,000. Olympiad Research LP acquired a new position in BJ’s Restaurants in the third quarter valued at about $469,000. Finally, Verition Fund Management LLC grew its stake in BJ’s Restaurants by 528.9% in the third quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after acquiring an additional 130,676 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

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.