BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,406 shares of the restaurant operator’s stock after purchasing an additional 5,316 shares during the quarter. Deutsche Bank AG owned approximately 0.24% of BJ’s Restaurants worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its stake in shares of BJ’s Restaurants by 60.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 277,874 shares of the restaurant operator’s stock valued at $9,763,000 after purchasing an additional 104,490 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of BJ’s Restaurants during the 4th quarter valued at approximately $295,000. Northern Trust Corp raised its stake in BJ’s Restaurants by 9.2% during the fourth quarter. Northern Trust Corp now owns 229,029 shares of the restaurant operator’s stock worth $8,047,000 after acquiring an additional 19,239 shares during the period. Two Sigma Securities LLC acquired a new position in BJ’s Restaurants during the 4th quarter valued at approximately $201,000. Finally, Price T Rowe Associates Inc. MD lifted its position in BJ’s Restaurants by 8.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,176 shares of the restaurant operator’s stock valued at $709,000 after purchasing an additional 1,486 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Stock Up 2.3%

NASDAQ:BJRI opened at $42.44 on Friday. The stock’s fifty day moving average price is $35.71 and its two-hundred day moving average price is $35.72. 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 company has a market cap of $938.60 million, a price-to-earnings ratio of 62.41, a P/E/G ratio of 1.81 and a beta of 1.47. BJ’s Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $45.22.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.39 by $0.20. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The firm had revenue of $347.97 million during the quarter, compared to the consensus estimate of $347.70 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 EPS for the current year.

Insider Transactions at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 3,738 shares of BJ’s Restaurants stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $44.32, for a total transaction of $165,668.16. Following the completion of the sale, the insider now owns 4,579 shares of the company’s stock, valued at approximately $202,941.28. The trade was a 44.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greg Trojan sold 146,102 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $44.63, for a total value of $6,520,532.26. Following the completion of the transaction, the director now directly owns 19,896 shares of the company’s stock, valued at approximately $887,958.48. This trade represents a 88.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of BJ’s Restaurants from $31.00 to $33.00 and gave the stock an “underweight” rating in a report on Friday, May 2nd. Sanford C. Bernstein set a $33.00 price target on shares of BJ’s Restaurants and gave the stock an “underweight” rating in a research report on Friday, May 2nd. Finally, Wedbush boosted their target price on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.20.

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.