Wealth Enhancement Advisory Services LLC Takes $254,000 Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,401 shares of the restaurant operator's stock, valued at approximately $254,000.

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC lifted its position in BJ's Restaurants by 99.9% during the first quarter. SG Americas Securities LLC now owns 10,680 shares of the restaurant operator's stock valued at $366,000 after purchasing an additional 5,336 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BJ's Restaurants by 3,594.6% in the 1st quarter. GAMMA Investing LLC now owns 13,670 shares of the restaurant operator's stock worth $468,000 after acquiring an additional 13,300 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of BJ's Restaurants by 18.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,076 shares of the restaurant operator's stock worth $1,268,000 after acquiring an additional 5,722 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of BJ's Restaurants in the 4th quarter worth approximately $1,050,000. Finally, ProShare Advisors LLC bought a new stake in shares of BJ's Restaurants in the 4th quarter worth approximately $203,000. 99.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BJ's Restaurants news, insider Brian S. Krakower sold 3,738 shares of the business'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 approximately $202,941.28. The trade was a 44.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg Trojan sold 146,102 shares of the business'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 sale, the director owned 19,896 shares in the company, valued at approximately $887,958.48. This trade represents a 88.01% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BJRI. Wall Street Zen upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Barclays boosted their price objective on shares of BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Finally, Sanford C. Bernstein set a $33.00 price objective on shares of BJ's Restaurants and gave the stock an "underweight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, BJ's Restaurants currently has an average rating of "Hold" and a consensus target price of $37.20.

BJ's Restaurants Trading Down 3.3%

BJ's Restaurants stock traded down $1.43 during mid-day trading on Friday, reaching $41.66. 305,914 shares of the company traded hands, compared to its average volume of 386,617. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.31. The firm's 50 day moving average price is $43.57 and its 200 day moving average price is $37.77. The firm has a market capitalization of $921.52 million, a price-to-earnings ratio of 44.32, a P/E/G ratio of 1.62 and a beta of 1.56. BJ's Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $47.02.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.20. The business 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 1.64% and a return on equity of 10.35%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. On average, analysts anticipate that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current fiscal year.

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.