BNP Paribas Financial Markets Boosts Stock Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

BNP Paribas Financial Markets grew its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 11.4% during the third quarter, Holdings Channel reports. The firm owned 6,760 shares of the restaurant operator’s stock after acquiring an additional 693 shares during the period. BNP Paribas Financial Markets’ holdings in BJ’s Restaurants were worth $220,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of BJRI. Emerald Advisers LLC boosted its stake in shares of BJ’s Restaurants by 0.7% during the 3rd quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after acquiring an additional 4,009 shares in the last quarter. American Century Companies Inc. raised its holdings in BJ’s Restaurants by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after purchasing an additional 114,008 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BJ’s Restaurants by 13.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock worth $11,150,000 after purchasing an additional 40,284 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in BJ’s Restaurants by 6.2% in the second quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock valued at $4,949,000 after purchasing an additional 8,323 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in BJ’s Restaurants in the third quarter valued at approximately $4,310,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants Trading Up 3.8 %

Shares of BJRI stock opened at $37.24 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. BJ’s Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87. The company’s 50-day moving average price is $35.64 and its 200-day moving average price is $33.88. The stock has a market cap of $849.71 million, a price-to-earnings ratio of 29.79, a PEG ratio of 2.06 and a beta of 2.08.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) EPS. As a group, equities analysts predict that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BJRI shares. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays decreased their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.57.

Insider Transactions at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the sale, the insider now owns 5,339 shares in the company, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.90% of the company’s stock.

About BJ’s Restaurants

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.