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

BJ’s Restaurants (NASDAQ:BJRI) had its price target lifted by investment analysts 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 points to a potential upside of 3.53% from the stock’s previous close.

BJRI has been the topic of a number of other research reports. Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Gordon Haskett upgraded 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 note on Wednesday, January 8th. Piper Sandler increased their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Oppenheimer lowered shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.40.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $35.74 on Friday. BJ’s Restaurants has a 12 month low of $27.61 and a 12 month high of $38.87. 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 firm has a market capitalization of $815.59 million, a P/E ratio of 28.59, a P/E/G ratio of 1.74 and a beta of 2.11. The company’s fifty day moving average price is $35.53 and its two-hundred day moving average price is $34.09.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. On average, research analysts anticipate that BJ’s Restaurants will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of BJ’s Restaurants by 764.9% in the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 719 shares in the last quarter. US Bancorp DE boosted its holdings in shares of 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 acquiring an additional 906 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of BJ’s Restaurants in the fourth quarter valued at approximately $108,000. Arizona State Retirement System bought a new position in shares of BJ’s Restaurants in the fourth quarter valued at approximately $200,000. Finally, Two Sigma Securities LLC acquired a new stake in BJ’s Restaurants during 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.