BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 47.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 49,033 shares of the restaurant operator’s stock after selling 43,647 shares during the quarter. Barclays PLC’s holdings in BJ’s Restaurants were worth $1,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in BJ’s Restaurants in the 4th quarter worth about $4,502,000. Invesco Ltd. increased its holdings in shares of BJ’s Restaurants by 147.9% during the 4th quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator’s stock valued at $9,134,000 after acquiring an additional 155,109 shares during the last quarter. Wells Fargo & Company MN grew its holdings in BJ’s Restaurants by 8.9% during the fourth quarter. Wells Fargo & Company MN now owns 33,417 shares of the restaurant operator’s stock valued at $1,174,000 after purchasing an additional 2,743 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in BJ’s Restaurants in the 4th quarter worth $418,000. Finally, Headlands Technologies LLC bought a new position in shares of BJ’s Restaurants in the fourth quarter worth about $108,000. 99.95% of the stock is currently owned by institutional investors.

BJ’s Restaurants Stock Up 13.2 %

BJRI stock opened at $37.91 on Friday. The company has a market cap of $846.00 million, a price-to-earnings ratio of 55.75, a P/E/G ratio of 1.81 and a beta of 1.78. BJ’s Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $41.72. The business has a 50 day moving average price of $33.83 and a two-hundred day moving average price of $35.14. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.39 by $0.20. The firm had revenue of $347.97 million for the quarter, compared to the consensus estimate of $347.70 million. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. Analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BJRI. Barclays upped their price objective on shares of BJ’s Restaurants from $31.00 to $33.00 and gave the company an “underweight” rating in a research report on Friday. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. Finally, Wedbush raised their price objective on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.60.

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.