Barclays PLC Trims BJ’s Restaurants, Inc. (BJRI) Target Price to $27.00

BJ’s Restaurants, Inc. (NASDAQ:BJRI) had its target price trimmed by Barclays PLC from $29.00 to $27.00 in a research note published on Friday morning. The firm currently has an underweight rating on the restaurant operator’s stock.

BJRI has been the subject of several other research reports. Zacks Investment Research lowered BJ’s Restaurants from a hold rating to a sell rating in a research report on Wednesday, July 19th. Stifel Nicolaus started coverage on BJ’s Restaurants in a research report on Monday, October 2nd. They issued a hold rating and a $32.00 price target for the company. Canaccord Genuity reaffirmed a buy rating and issued a $42.00 price target on shares of BJ’s Restaurants in a research report on Friday, October 6th. Robert W. Baird reaffirmed a hold rating and issued a $36.00 price target on shares of BJ’s Restaurants in a research report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $39.00 price target on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $36.89.

Shares of BJ’s Restaurants (NASDAQ BJRI) opened at 31.40 on Friday. BJ’s Restaurants has a one year low of $28.00 and a one year high of $47.55. The stock has a market cap of $673.40 million, a P/E ratio of 18.50 and a beta of 1.07. The stock has a 50 day moving average of $30.26 and a 200 day moving average of $36.37.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.09). The business had revenue of $247.00 million for the quarter, compared to the consensus estimate of $248.73 million. BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.57%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, analysts forecast that BJ’s Restaurants will post $1.57 EPS for the current year.

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The firm also recently announced a special dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be given a $0.11 dividend. The ex-dividend date is Friday, November 10th.

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its position in BJ’s Restaurants by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares during the last quarter. Victory Capital Management Inc. raised its position in BJ’s Restaurants by 38.2% in the 1st quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock worth $151,000 after buying an additional 1,033 shares during the last quarter. SG Americas Securities LLC raised its position in BJ’s Restaurants by 20.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after buying an additional 877 shares during the last quarter. Pacad Investment Ltd. raised its position in BJ’s Restaurants by 1.8% in the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after buying an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in BJ’s Restaurants in the 2nd quarter worth about $231,000. 99.38% of the stock is owned by institutional investors and hedge funds.

About BJ’s Restaurants

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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