BJ's Restaurants, Inc. (NASDAQ:BJRI) Stock Holdings Lifted by Emerald Advisers LLC

Emerald Advisers LLC grew its position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 583,828 shares of the restaurant operator's stock after purchasing an additional 14,607 shares during the period. Emerald Advisers LLC owned 2.56% of BJ's Restaurants worth $20,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BJRI. American Century Companies Inc. lifted its stake in shares of BJ's Restaurants by 12.8% during the fourth quarter. American Century Companies Inc. now owns 699,434 shares of the restaurant operator's stock valued at $24,575,000 after buying an additional 79,512 shares during the period. Intech Investment Management LLC purchased a new position in shares of BJ's Restaurants during the 4th quarter worth $278,000. Cibc World Markets Corp lifted its stake in shares of BJ's Restaurants by 1.4% during the 4th quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock worth $4,454,000 after purchasing an additional 1,771 shares during the period. AlphaQuest LLC boosted its holdings in shares of BJ's Restaurants by 1,251.3% during the fourth quarter. AlphaQuest LLC now owns 6,297 shares of the restaurant operator's stock worth $221,000 after purchasing an additional 5,831 shares during the last quarter. Finally, Amundi grew its position in shares of BJ's Restaurants by 198.2% in the fourth quarter. Amundi now owns 11,603 shares of the restaurant operator's stock valued at $410,000 after purchasing an additional 7,712 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

BJRI has been the topic of several recent analyst reports. Barclays increased their target price on BJ's Restaurants from $34.00 to $37.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Wedbush raised their target price on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Oppenheimer lowered shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research 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 target on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.40.

BJ's Restaurants Stock Up 2.0 %

Shares of NASDAQ:BJRI traded up $0.73 during midday trading on Thursday, hitting $36.45. 231,366 shares of the company's stock traded hands, compared to its average volume of 340,654. The firm's fifty day moving average price is $35.56 and its two-hundred day moving average price is $35.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $41.72. The company has a market cap of $828.07 million, a PE ratio of 53.60, a P/E/G ratio of 1.81 and a beta of 2.10.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The firm had revenue of $344.34 million for the quarter, compared to analyst estimates of $336.48 million. On average, equities research analysts anticipate that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal 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.