Proficio Capital Partners LLC Acquires Shares of 16,338 BJ's Restaurants, Inc. (NASDAQ:BJRI)

Proficio Capital Partners LLC purchased a new stake in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,338 shares of the restaurant operator's stock, valued at approximately $574,000. Proficio Capital Partners LLC owned 0.07% of BJ's Restaurants as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BJRI. Verition Fund Management LLC boosted its holdings in BJ's Restaurants by 528.9% during the third quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator's stock worth $5,059,000 after purchasing an additional 130,676 shares during the last quarter. Eagle Asset Management Inc. bought a new position in BJ's Restaurants in the third quarter valued at approximately $4,310,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of BJ's Restaurants during the 3rd quarter worth approximately $2,064,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of BJ's Restaurants by 13.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator's stock worth $11,150,000 after purchasing an additional 40,284 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of BJ's Restaurants during the 3rd quarter worth approximately $440,000. Institutional investors and hedge funds own 99.95% of the company's stock.

BJ's Restaurants Price Performance

BJRI stock traded up $0.73 during mid-day trading on Thursday, hitting $36.45. The stock had a trading volume of 231,366 shares, compared to its average volume of 340,810. The firm has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $35.01. The firm has a market capitalization of $828.07 million, a P/E ratio of 53.60, a P/E/G ratio of 1.81 and a beta of 2.10. The company has a current ratio of 0.04, a quick ratio of 0.28 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.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BJRI shares. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Wedbush boosted their price objective on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note 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, Barclays upped their price objective on shares of BJ's Restaurants from $34.00 to $37.00 and gave the company an "underweight" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.40.

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.