Freestone Grove Partners LP Makes New $295,000 Investment in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Freestone Grove Partners LP acquired a new stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,384 shares of the restaurant operator's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of BJ's Restaurants by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator's stock valued at $888,000 after buying an additional 1,823 shares during the last quarter. Principal Financial Group Inc. grew its position in BJ's Restaurants by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock worth $3,894,000 after acquiring an additional 1,752 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of BJ's Restaurants by 3.6% during the 4th quarter. Rothschild Investment LLC now owns 110,895 shares of the restaurant operator's stock worth $3,896,000 after purchasing an additional 3,835 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of BJ's Restaurants during the 4th quarter valued at $574,000. Finally, US Bancorp DE lifted its stake in shares of BJ's Restaurants by 23.5% in the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.

BJ's Restaurants Stock Performance

BJRI traded up $0.28 during midday trading on Friday, reaching $39.10. The company's stock had a trading volume of 381,872 shares, compared to its average volume of 365,029. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $33.94 and a 200 day simple moving average of $35.24. The stock has a market cap of $872.56 million, a P/E ratio of 57.50, a PEG ratio of 1.81 and a beta of 1.47. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $41.72.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 1.23% and a return on equity of 8.76%. BJ's Restaurants's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. Research analysts expect that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

BJRI has been the topic of several analyst reports. Barclays increased their target price 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. Wedbush raised their price objective on BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein set a $33.00 target price on BJ's Restaurants and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.20.

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.