Proficio Capital Partners LLC Purchases New Stake in BJ's Restaurants, Inc. (NASDAQ:BJRI)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in BJRI. Verition Fund Management LLC lifted its holdings in BJ's Restaurants by 528.9% during the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator's stock worth $5,059,000 after buying an additional 130,676 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of BJ's Restaurants in the 3rd quarter valued at about $4,310,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BJ's Restaurants during the 3rd quarter valued at about $2,064,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BJ's Restaurants by 13.3% during the third 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 period. Finally, Landscape Capital Management L.L.C. increased its holdings in BJ's Restaurants by 75.9% in the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator's stock worth $2,696,000 after purchasing an additional 35,722 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

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BJ's Restaurants Stock Down 6.7 %

Shares of BJ's Restaurants stock traded down $2.28 during trading hours on Thursday, reaching $31.57. The company's stock had a trading volume of 409,192 shares, compared to its average volume of 287,969. The company has a market capitalization of $717.28 million, a P/E ratio of 46.43, a P/E/G ratio of 1.81 and a beta of 2.10. The stock's fifty day simple moving average is $35.84 and its two-hundred day simple moving average is $34.81. BJ's Restaurants, Inc. has a one year low of $27.61 and a one year high of $41.72. 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 (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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $336.48 million. On average, research analysts forecast that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BJRI shares. Gordon Haskett upgraded 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. Wedbush increased 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 note on Friday, February 21st. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. Finally, Barclays increased their price objective on shares of BJ's Restaurants from $34.00 to $37.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BJ's Restaurants has a consensus rating of "Hold" and a consensus 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.