Chicago Equity Partners LLC raised its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,870 shares of the restaurant operator’s stock after acquiring an additional 10,910 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.42% of BJ’s Restaurants worth $4,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC purchased a new position in shares of BJ’s Restaurants during the 4th quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BJ’s Restaurants by 29.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 357 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in BJ’s Restaurants by 113.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 963 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in BJ’s Restaurants in the 3rd quarter worth $203,000. Finally, LS Investment Advisors LLC lifted its stake in BJ’s Restaurants by 386.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,185 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 2,530 shares in the last quarter.
A number of research firms have recently weighed in on BJRI. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Loop Capital boosted their target price on shares of BJ’s Restaurants to $60.00 in a report on Sunday, December 2nd. BidaskClub downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Stifel Nicolaus downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $70.00 in a report on Tuesday, October 23rd. Finally, Gordon Haskett initiated coverage on shares of BJ’s Restaurants in a report on Thursday, October 18th. They issued an “underperform” rating on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus target price of $64.00.
Shares of NASDAQ:BJRI opened at $51.25 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of 36.35, a PEG ratio of 1.44 and a beta of 0.81. BJ’s Restaurants, Inc. has a 12 month low of $36.15 and a 12 month high of $76.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.41 and a current ratio of 0.49.
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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. As of November 20, 2018, the company owned and operated 202 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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