Raymond James Financial Inc. Buys Shares of 128,131 BJ's Restaurants, Inc. (NASDAQ:BJRI)

Raymond James Financial Inc. acquired a new position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 128,131 shares of the restaurant operator's stock, valued at approximately $4,502,000. Raymond James Financial Inc. owned about 0.56% of BJ's Restaurants at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Invesco Ltd. boosted its position in BJ's Restaurants by 147.9% during the fourth quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator's stock worth $9,134,000 after acquiring an additional 155,109 shares during the last quarter. Wells Fargo & Company MN increased its position in BJ's Restaurants by 8.9% during the 4th quarter. Wells Fargo & Company MN now owns 33,417 shares of the restaurant operator's stock worth $1,174,000 after purchasing an additional 2,743 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in BJ's Restaurants during the fourth quarter worth approximately $418,000. Headlands Technologies LLC acquired a new stake in BJ's Restaurants in the 4th quarter valued at $108,000. Finally, JPMorgan Chase & Co. grew its stake in shares of BJ's Restaurants by 23.2% in the fourth quarter. JPMorgan Chase & Co. now owns 33,606 shares of the restaurant operator's stock valued at $1,181,000 after buying an additional 6,322 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ's Restaurants Stock Performance

Shares of NASDAQ BJRI opened at $33.35 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. The stock has a fifty day moving average price of $34.13 and a two-hundred day moving average price of $35.12. BJ's Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $41.72. The firm has a market cap of $757.65 million, a P/E ratio of 49.04, a PEG ratio of 1.81 and a beta of 1.78.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BJRI. Gordon Haskett raised 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 research note on Wednesday, January 8th. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Barclays dropped their price target on BJ's Restaurants from $37.00 to $31.00 and set an "underweight" rating on the stock in a research report on Tuesday. Finally, Wedbush boosted their target price on shares of BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.20.

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.

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