Barclays Issues Positive Forecast for BJ’s Restaurants (NASDAQ:BJRI) Stock Price

BJ’s Restaurants (NASDAQ:BJRI) had its price target upped by stock analysts at Barclays from $32.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential downside of 3.90% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Wedbush reaffirmed an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, November 1st. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler lifted their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.33.

BJ’s Restaurants Trading Down 3.5 %

NASDAQ BJRI traded down $1.27 on Tuesday, reaching $35.38. The stock had a trading volume of 85,415 shares, compared to its average volume of 186,738. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $33.97. BJ’s Restaurants has a 12-month low of $27.61 and a 12-month high of $38.87. The firm has a market capitalization of $807.27 million, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.06 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) EPS. As a group, sell-side analysts forecast that BJ’s Restaurants will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the transaction, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. This represents a 30.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.90% of the stock is owned by insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Several institutional investors and hedge funds have recently added to or reduced their stakes in BJRI. Quarry LP increased its position in shares of 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 during the last quarter. Meeder Asset Management Inc. acquired a new position in BJ’s Restaurants in the second quarter worth about $40,000. US Bancorp DE increased its holdings 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 last quarter. Headlands Technologies LLC raised its stake in BJ’s Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,328 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of BJ’s Restaurants in the 3rd quarter worth approximately $216,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Company Profile

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.