SG Americas Securities LLC Takes Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

SG Americas Securities LLC acquired a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,353 shares of the restaurant operator’s stock, valued at approximately $500,000. SG Americas Securities LLC owned 0.07% of BJ’s Restaurants as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BJRI. Fisher Asset Management LLC lifted its holdings in shares of BJ’s Restaurants by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 49,197 shares of the restaurant operator’s stock valued at $1,772,000 after buying an additional 1,288 shares during the period. Diversified Trust Co raised its holdings in BJ’s Restaurants by 10.8% in the 1st quarter. Diversified Trust Co now owns 6,487 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 632 shares during the period. BNP Paribas Financial Markets raised its holdings in BJ’s Restaurants by 10.3% in the 1st quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator’s stock worth $554,000 after purchasing an additional 1,432 shares during the period. Texas Permanent School Fund Corp raised its holdings in BJ’s Restaurants by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock worth $736,000 after purchasing an additional 390 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BJ’s Restaurants by 21.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock worth $10,716,000 after purchasing an additional 51,364 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

Shares of BJ’s Restaurants stock opened at $34.57 on Thursday. The business has a 50 day simple moving average of $31.34 and a two-hundred day simple moving average of $33.30. BJ’s Restaurants, Inc. has a 12 month low of $22.26 and a 12 month high of $38.87. The stock has a market capitalization of $808.35 million, a P/E ratio of 34.57, a PEG ratio of 1.66 and a beta of 2.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. BJ’s Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The business had revenue of $349.93 million during the quarter, compared to analysts’ expectations of $349.18 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, analysts predict that BJ’s Restaurants, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BJRI. Barclays reduced their price target on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and a consensus target price of $38.43.

Insider Activity

In related news, CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at approximately $497,007. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.90% of the company’s stock.

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.