Invesco Ltd. Has $9.13 Million Stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Invesco Ltd. boosted its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 147.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 259,977 shares of the restaurant operator’s stock after buying an additional 155,109 shares during the quarter. Invesco Ltd. owned approximately 1.14% of BJ’s Restaurants worth $9,134,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BJRI. Wells Fargo & Company MN raised its stake in BJ’s Restaurants by 8.9% during the 4th quarter. Wells Fargo & Company MN now owns 33,417 shares of the restaurant operator’s stock worth $1,174,000 after buying an additional 2,743 shares during the period. Integrated Quantitative Investments LLC acquired a new position in BJ’s Restaurants during the fourth quarter valued at approximately $418,000. Headlands Technologies LLC acquired a new position in BJ’s Restaurants during the fourth quarter worth $108,000. JPMorgan Chase & Co. raised its holdings in shares of BJ’s Restaurants by 23.2% in the 4th quarter. JPMorgan Chase & Co. now owns 33,606 shares of the restaurant operator’s stock valued at $1,181,000 after purchasing an additional 6,322 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of BJ’s Restaurants by 2.6% in the fourth quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator’s stock valued at $20,513,000 after buying an additional 14,607 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Up 0.8 %

BJ’s Restaurants stock opened at $33.70 on Thursday. The firm has a market cap of $765.60 million, a price-to-earnings ratio of 49.56, a PEG ratio of 1.81 and a beta of 1.78. BJ’s Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $41.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. The firm has a 50 day moving average price of $34.22 and a two-hundred day moving average price of $35.11.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. Equities analysts predict that BJ’s Restaurants, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

BJRI has been the subject of several recent research reports. Wedbush boosted their price target on BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barclays cut their price objective on shares of BJ’s Restaurants from $37.00 to $31.00 and set an “underweight” rating for the company in a research report on Tuesday. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Finally, Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $39.20.

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.