BJ’s Restaurants, Inc. (NASDAQ:BJRI) had its price objective reduced by Barclays PLC from $30.00 to $29.00 in a research report sent to investors on Wednesday morning. They currently have an underweight rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on the stock. Jefferies Group LLC reaffirmed a hold rating and issued a $39.00 price objective on shares of BJ’s Restaurants in a report on Thursday, August 31st. Canaccord Genuity raised shares of BJ’s Restaurants from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Friday, July 14th. TheStreet cut shares of BJ’s Restaurants from a b rating to a c+ rating in a report on Friday, July 7th. Robert W. Baird reaffirmed a hold rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a report on Friday, September 1st. Finally, BidaskClub cut shares of BJ’s Restaurants from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $37.56.

Shares of BJ’s Restaurants (NASDAQ BJRI) traded up 1.76% during mid-day trading on Wednesday, hitting $31.75. 203,501 shares of the stock traded hands. BJ’s Restaurants has a 12-month low of $28.00 and a 12-month high of $47.55. The firm’s 50 day moving average price is $29.86 and its 200-day moving average price is $36.76. The stock has a market cap of $680.91 million, a P/E ratio of 18.71 and a beta of 1.07.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The firm had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. During the same period last year, the business earned $0.56 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. Analysts predict that BJ’s Restaurants will post $1.59 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew 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 valued at $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. grew 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 valued at $151,000 after buying an additional 1,033 shares in the last quarter. Mason Street Advisors LLC grew its position in BJ’s Restaurants by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 24 shares in the last quarter. SG Americas Securities LLC grew 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 valued at $190,000 after buying an additional 877 shares in the last quarter. Finally, Pacad Investment Ltd. grew 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 valued at $216,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 99.22% of the company’s stock.

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.

Analyst Recommendations for BJ`s Restaurants (NASDAQ:BJRI)

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