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

Raymond James Financial Inc. acquired a new stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 128,131 shares of the restaurant operator's stock, valued at approximately $4,502,000. Raymond James Financial Inc. owned 0.56% of BJ's Restaurants as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Quarry LP increased its holdings in shares of BJ's Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 719 shares during the period. US Bancorp DE grew its position in shares of 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 last quarter. Arizona State Retirement System bought a new position in shares of BJ's Restaurants during the 4th quarter worth approximately $200,000. Walleye Capital LLC purchased a new stake in shares of BJ's Restaurants during the 3rd quarter valued at $216,000. Finally, Capstone Investment Advisors LLC acquired a new stake in BJ's Restaurants in the third quarter worth about $219,000. Institutional investors own 99.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Gordon Haskett upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 target price on the stock in a research report on Wednesday, January 8th. Wedbush raised their target price 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. Oppenheimer lowered shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Finally, Barclays increased their target price on BJ's Restaurants from $34.00 to $37.00 and gave the company an "underweight" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, BJ's Restaurants has a consensus rating of "Hold" and a consensus price target of $40.40.

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BJ's Restaurants Stock Performance

BJRI stock traded down $1.39 on Friday, hitting $35.06. The company's stock had a trading volume of 249,530 shares, compared to its average volume of 346,116. BJ's Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $41.72. The stock has a market cap of $796.49 million, a price-to-earnings ratio of 51.56, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. The firm has a 50 day moving average of $35.58 and a two-hundred day moving average of $35.11. 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 (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $344.34 million during the quarter, compared to analysts' expectations of $336.48 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. Equities analysts predict that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

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.