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

BJ’s Restaurants (NASDAQ:BJRI) had its price objective lifted by Barclays from $34.00 to $37.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective suggests a potential upside of 3.53% from the stock’s previous close.

Several other research analysts have also commented on the stock. Piper Sandler increased their price target 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. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research note on Friday, November 1st. 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 investment 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, the company presently has a consensus rating of “Hold” and a consensus target price of $39.40.

BJ’s Restaurants Stock Down 0.4 %

Shares of NASDAQ:BJRI opened at $35.74 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market cap of $815.59 million, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.74 and a beta of 2.11. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $38.87. The firm has a 50 day simple moving average of $35.53 and a 200 day simple moving average of $34.09.

BJ’s Restaurants (NASDAQ:BJRI) 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. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. As a group, research analysts expect that BJ’s Restaurants will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BJRI. Nomura Holdings Inc. increased 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 during the period. Invesco Ltd. increased its holdings in shares of BJ’s Restaurants by 147.9% during the 4th quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator’s stock worth $9,134,000 after purchasing an additional 155,109 shares during the period. Verition Fund Management LLC increased its holdings in shares of BJ’s Restaurants by 528.9% during the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock worth $5,059,000 after purchasing an additional 130,676 shares during the period. Raymond James Financial Inc. bought a new position in shares of BJ’s Restaurants during the 4th quarter worth about $4,502,000. Finally, Eagle Asset Management Inc. bought a new position in shares of BJ’s Restaurants during the 3rd quarter worth about $4,310,000. 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.