Emerald Mutual Fund Advisers Trust Has $11.20 Million Stock Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Emerald Mutual Fund Advisers Trust reduced its stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,792 shares of the restaurant operator's stock after selling 45,239 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 1.40% of BJ's Restaurants worth $11,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in 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 acquiring an additional 362 shares during the period. Headlands Technologies LLC acquired a new position in BJ's Restaurants during the 4th quarter worth about $108,000. Arizona State Retirement System acquired a new stake in BJ's Restaurants in the 4th quarter valued at about $200,000. Two Sigma Securities LLC acquired a new stake in shares of BJ's Restaurants in the 4th quarter valued at $201,000. Finally, AlphaQuest LLC increased its stake in BJ's Restaurants by 1,251.3% in the fourth quarter. AlphaQuest LLC now owns 6,297 shares of the restaurant operator's stock valued at $221,000 after purchasing an additional 5,831 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

BJ's Restaurants Price Performance

BJ's Restaurants stock opened at $33.49 on Tuesday. 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 stock has a market capitalization of $747.36 million, a P/E ratio of 49.25, a price-to-earnings-growth ratio of 1.81 and a beta of 1.78. BJ's Restaurants, Inc. has a 52 week low of $27.61 and a 52 week high of $41.72. The stock has a fifty day moving average of $34.08 and a 200-day moving average of $35.14.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $344.34 million for the quarter, compared to analyst estimates of $336.48 million. On average, sell-side 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 firms recently commented on BJRI. Barclays lowered their price objective on shares of BJ's Restaurants from $37.00 to $31.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. 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. Gordon Haskett upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $39.20.

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.

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