Dynamic Technology Lab Private Ltd Sells 26,687 Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI)

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,710 shares of the restaurant operator's stock after selling 26,687 shares during the period. Dynamic Technology Lab Private Ltd owned 0.16% of BJ's Restaurants worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its position in BJ's Restaurants by 23.5% in the 4th 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings in BJ's Restaurants by 11.4% during the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator's stock worth $220,000 after buying an additional 693 shares in the last quarter. Quarry LP grew its holdings in shares of BJ's Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 719 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of BJ's Restaurants by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock worth $3,894,000 after buying an additional 1,752 shares during the period. Finally, Cibc World Markets Corp lifted its position in shares of BJ's Restaurants by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock valued at $4,454,000 after acquiring an additional 1,771 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ's Restaurants Stock Performance

BJ's Restaurants stock traded down $0.35 during trading hours on Friday, reaching $31.43. 68,558 shares of the company were exchanged, compared to its average volume of 349,095. BJ's Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $41.72. The firm has a market cap of $714.03 million, a price-to-earnings ratio of 46.22, a PEG ratio of 1.81 and a beta of 1.78. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $34.81 and a 200 day moving average of $35.16.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $344.34 million for the quarter, compared to the consensus estimate of $336.48 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. As a group, research analysts anticipate that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

BJRI has been the subject of several recent analyst reports. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 7th. Wedbush increased their price target 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. Gordon Haskett raised shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Barclays increased their target price on shares of BJ's Restaurants from $34.00 to $37.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.40.

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.