Zurcher Kantonalbank Zurich Cantonalbank Buys 673 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,545 shares of the restaurant operator’s stock after purchasing an additional 673 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BJ’s Restaurants were worth $200,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in BJ’s Restaurants by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,595,522 shares of the restaurant operator’s stock valued at $60,891,000 after buying an additional 8,763 shares during the last quarter. American Century Companies Inc. increased its stake in shares of BJ’s Restaurants by 15.9% in the third quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock worth $6,373,000 after purchasing an additional 37,173 shares during the period. First Eagle Investment Management LLC lifted its position in shares of BJ’s Restaurants by 21.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 173,828 shares of the restaurant operator’s stock worth $4,078,000 after purchasing an additional 30,693 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in BJ’s Restaurants by 49.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 136,252 shares of the restaurant operator’s stock valued at $3,196,000 after purchasing an additional 45,267 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in BJ’s Restaurants by 32.7% in the 3rd quarter. Nomura Holdings Inc. now owns 122,829 shares of the restaurant operator’s stock valued at $2,882,000 after buying an additional 30,289 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

Insider Transactions at BJ’s Restaurants

In other news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.53, for a total value of $8,598,260.00. Following the transaction, the insider now directly owns 2,326,476 shares of the company’s stock, valued at approximately $82,659,692.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Alex Puchner sold 7,713 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now owns 12,222 shares in the company, valued at $467,491.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of BJ’s Restaurants stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.53, for a total value of $8,598,260.00. Following the completion of the transaction, the insider now directly owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

BJRI has been the subject of a number of research analyst reports. Barclays upped their price target on BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, May 3rd. TheStreet raised shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of BJ’s Restaurants in a research report on Friday, February 16th. Benchmark upped their price target on BJ’s Restaurants from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup lifted their price objective on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.30.

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $33.54 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.03 and a quick ratio of 0.35. The business’s fifty day moving average price is $34.51 and its two-hundred day moving average price is $32.92. BJ’s Restaurants, Inc. has a fifty-two week low of $21.64 and a fifty-two week high of $38.76. The stock has a market capitalization of $784.17 million, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.01 and a beta of 2.12.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.17. The business had revenue of $337.33 million for the quarter, compared to analyst estimates of $335.35 million. BJ’s Restaurants had a net margin of 1.80% and a return on equity of 6.51%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, analysts predict that BJ’s Restaurants, Inc. will post 1.23 EPS for the current fiscal year.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.