Bank of New York Mellon Corp Trims Holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Bank of New York Mellon Corp trimmed its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 141,940 shares of the restaurant operator’s stock after selling 5,178 shares during the quarter. Bank of New York Mellon Corp’s holdings in BJ’s Restaurants were worth $4,987,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BJRI. Landscape Capital Management L.L.C. grew its holdings in BJ’s Restaurants by 75.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after buying an additional 35,722 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of BJ’s Restaurants in the third quarter worth about $4,310,000. Dynamic Technology Lab Private Ltd bought a new position in shares of BJ’s Restaurants in the third quarter valued at approximately $2,064,000. Verition Fund Management LLC grew its stake in BJ’s Restaurants by 528.9% during the third quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after acquiring an additional 130,676 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in BJ’s Restaurants by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator’s stock worth $888,000 after acquiring an additional 1,823 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Up 0.8 %

BJRI opened at $32.62 on Tuesday. The business’s fifty day simple moving average is $35.59 and its 200 day simple moving average is $34.84. BJ’s Restaurants, Inc. has a 52 week low of $27.61 and a 52 week high of $41.72. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $741.06 million, a PE ratio of 47.97, a P/E/G ratio of 1.81 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) 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 return on equity of 8.76% and a net margin of 1.23%. As a group, research analysts expect that BJ’s Restaurants, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on BJRI shares. Barclays boosted 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 report on Friday, February 21st. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. 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 note on Wednesday, January 8th. Finally, Wedbush boosted their price objective on BJ’s Restaurants from $43.00 to $48.00 and gave the stock an “outperform” 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 assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.