Barclays Cuts BJ’s Restaurants (NASDAQ:BJRI) Price Target to $32.00

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

Other analysts also recently issued research reports about the stock. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research note on Friday. One investment 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’s stock. According to MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $38.00.

BJ’s Restaurants Stock Down 8.4 %

BJ’s Restaurants stock opened at $33.99 on Friday. BJ’s Restaurants has a fifty-two week low of $26.25 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35. The firm’s 50-day simple moving average is $32.88 and its 200 day simple moving average is $33.47. The stock has a market cap of $794.69 million, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.86 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share 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 7.98% and a net margin of 2.24%. BJ’s Restaurants’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) EPS. Research analysts predict that BJ’s Restaurants will post 1.42 EPS for the current fiscal year.

Insider Transactions at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond bought 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 acquisition, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of BJ’s Restaurants in the second quarter valued at approximately $40,000. EntryPoint Capital LLC purchased a new stake in BJ’s Restaurants in the 1st quarter worth approximately $45,000. US Bancorp DE boosted its holdings in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at $57,000. Finally, Headlands Technologies LLC increased its holdings in shares of 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 period. 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.