Cramer Rosenthal Mcglynn LLC Acquires 92,285 Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI)

Cramer Rosenthal Mcglynn LLC boosted its position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 28.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 416,709 shares of the restaurant operator's stock after purchasing an additional 92,285 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.83% of BJ's Restaurants worth $14,641,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its position in BJ's Restaurants by 147.9% in the 4th quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator's stock valued at $9,134,000 after buying an additional 155,109 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BJ's Restaurants in the fourth quarter valued at approximately $4,502,000. American Century Companies Inc. grew its holdings in BJ's Restaurants by 12.8% during the 4th quarter. American Century Companies Inc. now owns 699,434 shares of the restaurant operator's stock worth $24,575,000 after acquiring an additional 79,512 shares during the period. Marshall Wace LLP bought a new stake in shares of BJ's Restaurants during the 4th quarter valued at $1,196,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of BJ's Restaurants in the 4th quarter valued at $574,000. Institutional investors and hedge funds own 99.95% of the company's stock.

BJ's Restaurants Stock Up 0.1 %

BJRI traded up $0.05 during trading on Wednesday, reaching $33.49. The company had a trading volume of 59,664 shares, compared to its average volume of 351,277. The business's fifty day moving average price is $34.25 and its 200 day moving average price is $35.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. BJ's Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $41.72. The company has a market cap of $760.83 million, a P/E ratio of 49.25, a PEG ratio of 1.81 and a beta of 1.78.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) 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 firm had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. Equities analysts anticipate that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

BJRI has been the subject of a number of recent analyst reports. Oppenheimer downgraded BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Barclays cut their price target on shares of BJ's Restaurants from $37.00 to $31.00 and set an "underweight" rating on the stock in a research report on Tuesday. Wedbush boosted their price objective on shares of BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Finally, Gordon Haskett upgraded 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 report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, BJ's Restaurants presently has an average rating of "Hold" and an average price target of $39.20.

About BJ's Restaurants

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.