Intech Investment Management LLC Acquires New Shares in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Intech Investment Management LLC acquired a new position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,908 shares of the restaurant operator's stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in BJ's Restaurants by 1.0% in the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator's stock worth $16,056,000 after purchasing an additional 5,075 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of BJ's Restaurants by 528.9% in the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator's stock worth $5,059,000 after buying an additional 130,676 shares during the last quarter. Jane Street Group LLC raised its position in shares of BJ's Restaurants by 10.4% during the 3rd quarter. Jane Street Group LLC now owns 131,876 shares of the restaurant operator's stock valued at $4,294,000 after buying an additional 12,432 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BJ's Restaurants in the 4th quarter valued at about $4,502,000. Finally, Cibc World Markets Corp grew its position in BJ's Restaurants by 1.4% in the fourth quarter. Cibc World Markets Corp now owns 126,771 shares of the restaurant operator's stock worth $4,454,000 after acquiring an additional 1,771 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

BJ's Restaurants Trading Down 3.8 %

Shares of NASDAQ:BJRI traded down $1.39 on Friday, hitting $35.06. 249,530 shares of the company's stock were exchanged, compared to its average volume of 346,116. The stock has a market capitalization of $796.49 million, a price-to-earnings ratio of 51.56, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. BJ's Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $41.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28. The business's 50 day simple moving average is $35.58 and its two-hundred day simple moving average is $35.15.

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BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. The company 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%. Analysts anticipate that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BJRI. Barclays raised their price objective on 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 upgraded BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 7th. Finally, Wedbush upped their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, BJ's Restaurants presently has an average rating of "Hold" and a consensus price target 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.