Invesco Ltd. Boosts Stock Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Invesco Ltd. raised its holdings in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 147.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,977 shares of the restaurant operator's stock after buying an additional 155,109 shares during the period. Invesco Ltd. owned about 1.14% of BJ's Restaurants worth $9,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of BJ's Restaurants in the fourth quarter valued at about $4,502,000. Emerald Advisers LLC raised its holdings in BJ's Restaurants by 2.6% during the 4th quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator's stock valued at $20,513,000 after acquiring an additional 14,607 shares during the period. Amundi raised its holdings in BJ's Restaurants by 198.2% during the 4th quarter. Amundi now owns 11,603 shares of the restaurant operator's stock valued at $410,000 after acquiring an additional 7,712 shares during the period. Proficio Capital Partners LLC bought a new stake in BJ's Restaurants during the 4th quarter valued at $574,000. Finally, Integrated Quantitative Investments LLC bought a new stake in BJ's Restaurants during the 4th quarter valued at $418,000. 99.95% of the stock is owned by institutional investors.

BJ's Restaurants Trading Down 1.3 %

NASDAQ BJRI traded down $0.45 during trading on Tuesday, hitting $33.05. 27,576 shares of the company's stock traded hands, compared to its average volume of 354,154. The stock has a fifty day moving average of $34.08 and a two-hundred day moving average of $35.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. BJ's Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $41.72. The firm has a market cap of $737.43 million, a P/E ratio of 48.32, a PEG ratio of 1.81 and a beta of 1.78.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The business had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. As a group, sell-side analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Oppenheimer cut shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Barclays decreased their price target on shares of BJ's Restaurants from $37.00 to $31.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Gordon Haskett raised shares of 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, Wedbush upped their price target on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.20.

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.