7,401 Shares in BJ's Restaurants, Inc. (NASDAQ:BJRI) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,401 shares of the restaurant operator's stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its position in shares of 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 purchasing an additional 362 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $108,000. Arizona State Retirement System acquired a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $200,000. Two Sigma Securities LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $201,000. Finally, ProShare Advisors LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Insider Buying and Selling at BJ's Restaurants

In other news, Director Greg Trojan sold 146,102 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $44.63, for a total transaction of $6,520,532.26. Following the completion of the transaction, the director owned 19,896 shares of the company's stock, valued at approximately $887,958.48. This trade represents a 88.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian S. Krakower sold 3,738 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.32, for a total transaction of $165,668.16. Following the transaction, the insider directly owned 4,579 shares of the company's stock, valued at $202,941.28. The trade was a 44.94% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BJRI shares. Wall Street Zen upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Barclays increased their price target on shares of BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Finally, Sanford C. Bernstein set a $33.00 price target on shares of BJ's Restaurants and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.20.

BJ's Restaurants Price Performance

BJ's Restaurants stock traded down $1.43 during mid-day trading on Friday, reaching $41.66. The company had a trading volume of 305,914 shares, compared to its average volume of 387,108. BJ's Restaurants, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $47.02. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market cap of $921.52 million, a P/E ratio of 44.32, a P/E/G ratio of 1.56 and a beta of 1.56. The business has a fifty day simple moving average of $43.57 and a 200 day simple moving average of $37.80.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.20. The firm had revenue of $347.97 million for the quarter, compared to analyst estimates of $347.70 million. BJ's Restaurants had a net margin of 1.64% and a return on equity of 10.35%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. On average, equities research analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

About BJ's Restaurants

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.