BJ's Restaurants, Inc. (NASDAQ:BJRI) Shares Bought by Amundi

Amundi increased its position in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 198.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,603 shares of the restaurant operator's stock after acquiring an additional 7,712 shares during the period. Amundi owned approximately 0.05% of BJ's Restaurants worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJRI. Quarry LP raised its stake in shares of BJ's Restaurants by 764.9% in the third quarter. Quarry LP now owns 813 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 719 shares during the last quarter. US Bancorp DE increased its holdings in BJ's Restaurants by 23.5% in the 4th 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 position in BJ's Restaurants in the 4th quarter worth approximately $200,000. Walleye Capital LLC purchased a new position in BJ's Restaurants during the 3rd quarter worth approximately $216,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of BJ's Restaurants in the 3rd quarter valued at $219,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Remove Ads

BJ's Restaurants Price Performance

Shares of BJRI stock traded up $2.11 during mid-day trading on Monday, hitting $36.16. 398,546 shares of the stock were exchanged, compared to its average volume of 344,179. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. BJ's Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $41.72. The firm has a fifty day moving average of $35.43 and a 200 day moving average of $34.92. The company has a market cap of $821.48 million, a PE ratio of 53.18, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $336.48 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. Research analysts anticipate that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

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.