BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,771 shares of the restaurant operator’s stock after buying an additional 1,771 shares during the quarter. Cibc World Markets Corp owned about 0.56% of BJ’s Restaurants worth $4,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BJRI. Quarry LP increased its holdings in BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after buying an additional 719 shares during the period. US Bancorp DE increased 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 worth $67,000 after buying an additional 362 shares during the period. Arizona State Retirement System acquired a new position in BJ’s Restaurants in the 4th quarter worth approximately $200,000. Walleye Capital LLC acquired a new stake in shares of BJ’s Restaurants during the 3rd quarter worth approximately $216,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of BJ’s Restaurants during the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $32.47 on Thursday. The company’s fifty day moving average price is $35.47 and its 200 day moving average price is $34.83. BJ’s Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $41.72. The stock has a market capitalization of $737.65 million, a P/E ratio of 47.75, a P/E/G ratio of 1.81 and a beta of 2.10. 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) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $344.34 million for the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BJRI shares. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays raised their price objective on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Finally, Wedbush raised their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.40.

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.