BJ's Restaurants, Inc. (NASDAQ:BJRI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its position in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 699,434 shares of the restaurant operator's stock after acquiring an additional 79,512 shares during the quarter. American Century Companies Inc. owned 3.07% of BJ's Restaurants worth $24,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of BJ's Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 719 shares during the period. US Bancorp DE grew its stake in BJ's Restaurants by 23.5% during the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock worth $67,000 after buying an additional 362 shares during the period. Arizona State Retirement System acquired a new stake in shares of BJ's Restaurants in the fourth quarter worth $200,000. AlphaQuest LLC increased its position in shares of BJ's Restaurants by 1,251.3% in the fourth quarter. AlphaQuest LLC now owns 6,297 shares of the restaurant operator's stock worth $221,000 after acquiring an additional 5,831 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of BJ's Restaurants in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BJRI shares. Barclays increased their price target on BJ's Restaurants from $34.00 to $37.00 and gave the company an "underweight" rating in a report on Friday, February 21st. Wedbush raised their target price on BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Finally, Gordon Haskett upgraded shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.40.

BJ's Restaurants Stock Down 8.9 %

BJRI traded down $3.18 on Thursday, reaching $32.64. The company's stock had a trading volume of 311,929 shares, compared to its average volume of 347,038. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. BJ's Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $41.72. The business's 50 day moving average is $35.53 and its 200 day moving average is $35.21. The stock has a market cap of $741.52 million, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $344.34 million during the quarter, compared to analysts' expectations of $336.48 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. As a group, research analysts forecast that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

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.