Proficio Capital Partners LLC Makes New Investment in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Proficio Capital Partners LLC bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,338 shares of the restaurant operator’s stock, valued at approximately $574,000. Proficio Capital Partners LLC owned about 0.07% of BJ’s Restaurants at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP grew its position in BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 719 shares during the last quarter. US Bancorp DE grew its position in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 906 shares during the last quarter. Walleye Capital LLC bought a new position in BJ’s Restaurants in the 3rd quarter worth about $216,000. Capstone Investment Advisors LLC bought a new position in BJ’s Restaurants in the 3rd quarter worth about $219,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of BJ’s Restaurants by 11.4% in the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock valued at $220,000 after acquiring an additional 693 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

BJRI has been the subject of several recent analyst reports. Barclays increased 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. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. Wedbush increased their price objective on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. 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’s stock. According to MarketBeat.com, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $40.40.

BJ’s Restaurants Trading Up 0.3 %

Shares of NASDAQ:BJRI opened at $35.93 on Monday. The stock has a market capitalization of $816.26 million, a price-to-earnings ratio of 52.84, a PEG ratio of 1.81 and a beta of 2.10. BJ’s Restaurants, Inc. has a 1-year low of $27.61 and a 1-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. The company has a 50 day moving average price of $35.88 and a 200 day moving average price of $34.78.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $344.34 million during the quarter, compared to analysts’ expectations of $336.48 million. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. On average, research analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

BJ’s Restaurants 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.