Freestone Grove Partners LP Buys New Shares in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Freestone Grove Partners LP bought a new stake in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,384 shares of the restaurant operator's stock, valued at approximately $295,000.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of BJ's Restaurants by 8.0% in the fourth 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 during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 buying an additional 1,752 shares in the last quarter. Cibc World Markets Corp boosted its position in BJ's Restaurants by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock worth $4,454,000 after acquiring an additional 1,771 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 1,823 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ's Restaurants Trading Up 0.6 %

Shares of NASDAQ BJRI traded up $0.23 during mid-day trading on Wednesday, reaching $37.49. 1,120,195 shares of the company's stock were exchanged, compared to its average volume of 363,484. The firm has a market capitalization of $836.63 million, a price-to-earnings ratio of 55.13, a PEG ratio of 1.81 and a beta of 1.47. BJ's Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $41.72. The company's 50-day moving average is $33.86 and its 200-day moving average is $35.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.20. The firm had revenue of $347.97 million during the quarter, compared to analysts' expectations of $347.70 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. Analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on BJRI. Wedbush raised their target price on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Sanford C. Bernstein set a $33.00 price objective on BJ's Restaurants and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Gordon Haskett upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of BJ's Restaurants from $31.00 to $33.00 and gave the company an "underweight" rating in a 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $37.20.

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.