Charles Schwab Investment Management Inc. Has $8.32 Million Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Charles Schwab Investment Management Inc. lowered its position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 236,919 shares of the restaurant operator's stock after selling 30,404 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.04% of BJ's Restaurants worth $8,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of BJ's Restaurants by 764.9% during the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock worth $26,000 after buying an additional 719 shares during the last quarter. US Bancorp DE grew its stake in BJ's Restaurants by 23.5% in the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 362 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of BJ's Restaurants during the 3rd quarter worth approximately $216,000. Capstone Investment Advisors LLC acquired a new stake in shares of BJ's Restaurants in the 3rd quarter valued at approximately $219,000. Finally, BNP Paribas Financial Markets grew its stake in shares of BJ's Restaurants by 11.4% in the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator's stock valued at $220,000 after buying an additional 693 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on BJRI. Barclays increased their price target on shares of BJ's Restaurants from $34.00 to $37.00 and gave the company an "underweight" rating in a research note on Friday, February 21st. Gordon Haskett raised shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Wedbush lifted their price target on BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, Oppenheimer lowered BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.40.

BJ's Restaurants Price Performance

Shares of NASDAQ BJRI traded up $0.73 during mid-day trading on Thursday, reaching $36.45. The company had a trading volume of 231,366 shares, compared to its average volume of 340,810. BJ's Restaurants, Inc. has a one year low of $27.61 and a one year high of $41.72. The business's 50-day simple moving average is $35.51 and its 200 day simple moving average is $35.01. 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 market cap of $828.07 million, a price-to-earnings ratio of 53.60, a PEG ratio of 1.81 and a beta of 2.10.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly 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 company 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%. On average, research analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share 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 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.