Barclays PLC Sells 43,647 Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI)

Barclays PLC reduced its stake in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,033 shares of the restaurant operator's stock after selling 43,647 shares during the period. Barclays PLC owned approximately 0.21% of BJ's Restaurants worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BJRI. JPMorgan Chase & Co. boosted its stake in BJ's Restaurants by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator's stock worth $888,000 after purchasing an additional 1,823 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of BJ's Restaurants by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock valued at $3,894,000 after buying an additional 1,752 shares during the last quarter. Rothschild Investment LLC lifted its position in BJ's Restaurants by 3.6% during the 4th quarter. Rothschild Investment LLC now owns 110,895 shares of the restaurant operator's stock worth $3,896,000 after buying an additional 3,835 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in BJ's Restaurants during the 4th quarter worth about $574,000. Finally, US Bancorp DE grew its holdings in BJ's Restaurants by 23.5% during the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock worth $67,000 after acquiring an additional 362 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ's Restaurants Price Performance

NASDAQ:BJRI traded up $1.16 during trading hours on Thursday, hitting $38.65. The company's stock had a trading volume of 62,663 shares, compared to its average volume of 362,398. The company has a market capitalization of $862.51 million, a P/E ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. The stock has a fifty day simple moving average of $33.85 and a 200-day simple moving average of $35.19. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $41.72.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein set a $33.00 price objective on shares of BJ's Restaurants and gave the company an "underweight" rating in a report on Friday, May 2nd. Wedbush raised their price target on BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Barclays upped their price objective on BJ's Restaurants from $31.00 to $33.00 and gave the company an "underweight" rating in a report on Friday, May 2nd. Finally, Gordon Haskett raised 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. Two equities research analysts have 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $37.20.

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.