BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Purchased by Amundi

Amundi lifted its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 198.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,603 shares of the restaurant operator’s stock after acquiring an additional 7,712 shares during the quarter. Amundi owned 0.05% of BJ’s Restaurants worth $410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of BJRI. Raymond James Financial Inc. acquired a new position in shares of BJ’s Restaurants during the fourth quarter worth approximately $4,502,000. Arizona State Retirement System bought a new stake in BJ’s Restaurants during the fourth quarter valued at about $200,000. Proficio Capital Partners LLC bought a new stake in BJ’s Restaurants during the fourth quarter valued at about $574,000. US Bancorp DE lifted its stake in shares of BJ’s Restaurants by 23.5% in the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 362 shares during the period. Finally, Rothschild Investment LLC raised its position in BJ’s Restaurants by 3.6% in the fourth quarter. Rothschild Investment LLC now owns 110,895 shares of the restaurant operator’s stock worth $3,896,000 after purchasing an additional 3,835 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BJRI. Oppenheimer lowered shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Barclays lifted their price target on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. 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. Finally, Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.40.

BJ’s Restaurants Trading Up 4.4 %

Shares of BJ’s Restaurants stock opened at $33.91 on Friday. The stock has a fifty day simple moving average of $35.44 and a 200 day simple moving average of $34.82. BJ’s Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $41.72. The company has a market capitalization of $770.37 million, a P/E ratio of 49.87, a price-to-earnings-growth 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 (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (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 business had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. On average, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 earnings per share 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.