BJ's Restaurants, Inc. $BJRI Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. grew its position in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 49.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,882 shares of the restaurant operator's stock after buying an additional 63,751 shares during the period. Raymond James Financial Inc. owned 0.87% of BJ's Restaurants worth $6,574,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in shares of BJ's Restaurants by 10.6% during the 1st quarter. American Century Companies Inc. now owns 773,535 shares of the restaurant operator's stock worth $26,501,000 after purchasing an additional 74,101 shares during the period. Russell Investments Group Ltd. boosted its position in shares of BJ's Restaurants by 14.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,617 shares of the restaurant operator's stock worth $467,000 after purchasing an additional 1,732 shares during the period. Public Sector Pension Investment Board lifted its holdings in BJ's Restaurants by 27.2% during the 1st quarter. Public Sector Pension Investment Board now owns 72,355 shares of the restaurant operator's stock worth $2,479,000 after buying an additional 15,458 shares in the last quarter. Headlands Technologies LLC lifted its holdings in BJ's Restaurants by 12.0% during the 1st quarter. Headlands Technologies LLC now owns 3,438 shares of the restaurant operator's stock worth $118,000 after buying an additional 369 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in BJ's Restaurants by 51.8% during the 1st quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator's stock worth $99,000 after buying an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.

BJ's Restaurants Stock Performance

Shares of NASDAQ:BJRI traded down $0.34 during midday trading on Friday, hitting $33.56. The stock had a trading volume of 488,477 shares, compared to its average volume of 554,659. The company has a market capitalization of $742.48 million, a PE ratio of 28.20, a P/E/G ratio of 1.15 and a beta of 1.37. The stock has a 50 day moving average price of $37.67 and a two-hundred day moving average price of $37.89. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.16. BJ's Restaurants, Inc. has a 1 year low of $27.89 and a 1 year high of $47.02.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The restaurant operator reported $0.97 EPS for the quarter, beating the consensus estimate of $0.69 by $0.28. BJ's Restaurants had a net margin of 1.99% and a return on equity of 11.73%. The firm had revenue of $365.60 million during the quarter, compared to analysts' expectations of $362.74 million. During the same quarter last year, the business earned $0.72 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a research report on Friday. Piper Sandler increased their target price on shares of BJ's Restaurants from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Benchmark raised shares of BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, BJ's Restaurants has a consensus rating of "Hold" and a consensus target price of $39.67.

Insider Activity

In other BJ's Restaurants news, SVP Heidi Rogers sold 4,116 shares of BJ's Restaurants stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $35.36, for a total transaction of $145,541.76. Following the completion of the transaction, the senior vice president owned 7,144 shares in the company, valued at approximately $252,611.84. The trade was a 36.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jacob Guild sold 9,521 shares of BJ's Restaurants stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $35.51, for a total transaction of $338,090.71. Following the transaction, the chief accounting officer owned 3,803 shares of the company's stock, valued at approximately $135,044.53. The trade was a 71.46% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

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.