Integrated Quantitative Investments LLC Acquires Shares of 11,900 BJ's Restaurants, Inc. (NASDAQ:BJRI)

Integrated Quantitative Investments LLC bought a new position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,900 shares of the restaurant operator's stock, valued at approximately $418,000. Integrated Quantitative Investments LLC owned 0.05% of BJ's Restaurants at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of BJ's Restaurants by 11.4% in the 3rd 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. Walleye Capital LLC acquired a new stake in shares of BJ's Restaurants in the third quarter valued at approximately $216,000. Quarry LP increased 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 purchasing an additional 719 shares in 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 worth $4,294,000 after purchasing an additional 12,432 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in BJ's Restaurants by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator's stock valued at $16,056,000 after buying an additional 5,075 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BJRI shares. Wedbush boosted 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. 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. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Finally, Barclays raised 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.40.

BJ's Restaurants Stock Down 2.9 %

NASDAQ:BJRI traded down $0.95 on Thursday, reaching $31.61. The stock had a trading volume of 118,677 shares, compared to its average volume of 349,202. The company has a 50-day moving average of $34.92 and a 200 day moving average of $35.16. 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 market cap of $718.00 million, a P/E ratio of 46.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.78. BJ's Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $41.72.

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, beating analysts' consensus estimates of $0.35 by $0.12. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The firm had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. On average, research analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current 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.