Amundi Increases Stake in BJ's Restaurants, Inc.

Amundi has significantly increased its holdings in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by an impressive 198.2% in the fourth quarter, as revealed in their latest Form 13F filing with the SEC. The fund now owns a total of 11,603 shares of the restaurant chain’s stock, having acquired an additional 7,712 shares during the quarter. As per this recent filing, Amundi's stake represents about 0.05% of BJ's Restaurants, valued at approximately $410,000.

Other institutional investors and hedge funds have also adjusted their positions in BJRI. For instance, Raymond James Financial Inc. made a new investment in BJ's Restaurants during the same quarter valued at roughly $4.5 million. Arizona State Retirement System also purchased new shares valued around $200,000, while Proficio Capital Partners LLC invested approximately $574,000. Additionally, US Bancorp DE increased its holdings in BJ's Restaurants by 23.5%, acquiring 362 more shares to reach a total of 1,902 shares valued at $67,000. Similarly, Rothschild Investment LLC raised its stake by 3.6%, now owning 110,895 shares worth $3.9 million after acquiring 3,835 shares in the last quarter. Impressively, hedge funds and institutional investors collectively own 99.95% of BJ's Restaurants stocks.

Analyst Rating Changes

Recently, several brokerages have shared their evaluations regarding BJRI. Oppenheimer downgraded its rating for BJ's Restaurants from "outperform" to "market perform" as of January 7th. On February 21st, Barclays raised its price target for the stock from $34.00 to $37.00, giving it an "underweight" rating. Meanwhile, Wedbush increased its price target from $43.00 to $48.00, maintaining an "outperform" rating for the stock. Additionally, Gordon Haskett upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating, setting a target price of $36.00 in a report dated January 8th. Presently, one equity research analyst has rated the stock with a sell rating, while four rated it a hold and one designated it as a buy. According to MarketBeat data, BJ's Restaurants currently holds an average rating of "Hold" with an average price target of $40.40.

BJ's Restaurants Trading Performance

BJ's Restaurants' stock opened at $33.91 on Friday, showing a 4.4% increase. The stock has a fifty-day simple moving average of $35.44 and a 200-day simple moving average of $34.82. In the past year, BJ's Restaurants has seen a low of $27.61 and a high of $41.72, with a market capitalization of $770.37 million. The company holds a P/E ratio of 49.87, a price-to-earnings-growth ratio of 1.81, and a beta of 2.10. Financial metrics also indicate a current ratio of 0.04, a quick ratio of 0.28, and a debt-to-equity ratio of 0.18.

BJ's Restaurants last reported its quarterly earnings on February 20th, showing an earnings per share (EPS) of $0.47, exceeding the consensus estimate of $0.35 by $0.12. The company recorded a return on equity of 8.76% and a net margin of 1.23%. Revenue for the quarter was reported at $344.34 million, which was in line with the anticipated amount of $336.48 million. Analysts expect BJ's Restaurants to post earnings of $1.50 per share for the current fiscal year.

About BJ's Restaurants

BJ's Restaurants, Inc. is a casual dining restaurant chain based in the United States, known for its offering of pizzas, a variety of beers, appetizers, main courses, pastas, sandwiches, specialty salads, and desserts under the brand name Pizookie. The company was previously known as Chicago Pizza & Brewery, Inc. before rebranding to BJ's Restaurants, Inc. in August 2004.

Amundi, BJ's, Restaurants