Jackson Creek Investment Advisors LLC Makes New Investment in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,396 shares of the restaurant operator's stock, valued at approximately $1,350,000. Jackson Creek Investment Advisors LLC owned 0.18% of BJ's Restaurants at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BJRI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BJ's Restaurants by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator's stock valued at $379,000 after buying an additional 342 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in BJ's Restaurants by 8.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator's stock valued at $709,000 after buying an additional 1,486 shares in the last quarter. Cibc World Markets Corp boosted its stake in BJ's Restaurants by 1.4% in the fourth quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock worth $4,454,000 after purchasing an additional 1,771 shares in the last quarter. Principal Financial Group Inc. boosted its stake in BJ's Restaurants by 2.4% in the first quarter. Principal Financial Group Inc. now owns 113,468 shares of the restaurant operator's stock worth $3,887,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in BJ's Restaurants by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 33,417 shares of the restaurant operator's stock worth $1,174,000 after purchasing an additional 2,743 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BJ's Restaurants

In other BJ's Restaurants news, insider Brian S. Krakower sold 3,738 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $44.32, for a total transaction of $165,668.16. Following the transaction, the insider owned 4,579 shares in the company, valued at $202,941.28. This trade represents a 44.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg Trojan sold 146,102 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $44.63, for a total value of $6,520,532.26. Following the transaction, 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. Insiders own 4.30% of the company's stock.

BJ's Restaurants Trading Up 0.8%

Shares of BJ's Restaurants stock traded up $0.33 during trading hours on Friday, hitting $39.23. The company's stock had a trading volume of 21,767 shares, compared to its average volume of 386,765. BJ's Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $47.02. The stock has a 50 day moving average of $43.71 and a 200 day moving average of $37.89. The company has a market capitalization of $867.75 million, a PE ratio of 41.87, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.31.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released 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. BJ's Restaurants had a return on equity of 10.35% and a net margin of 1.64%. The company had revenue of $347.97 million during the quarter, compared to analysts' expectations of $347.70 million. During the same period last year, the firm posted $0.32 earnings per share. The business's revenue was up 3.2% on a year-over-year basis. Analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

BJRI has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $33.00 price objective on BJ's Restaurants and gave the stock an "underweight" rating in a research note on Friday, May 2nd. Wall Street Zen raised BJ's Restaurants from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Barclays increased their target price on BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.00.

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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