Integrated Quantitative Investments LLC Invests $418,000 in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Integrated Quantitative Investments LLC bought a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,900 shares of the restaurant operator’s stock, valued at approximately $418,000. Integrated Quantitative Investments LLC owned approximately 0.05% of BJ’s Restaurants at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings 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 valued at $220,000 after acquiring an additional 693 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of BJ’s Restaurants during the 3rd quarter worth approximately $216,000. Quarry LP boosted 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 valued at $26,000 after buying an additional 719 shares during the last quarter. Jane Street Group LLC grew its stake in shares of BJ’s Restaurants by 10.4% in the third 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. Finally, Geode Capital Management LLC increased its holdings in BJ’s Restaurants by 1.0% during the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock worth $16,056,000 after buying an additional 5,075 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wedbush lifted their price objective on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Barclays boosted their price target on BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Finally, Gordon Haskett raised 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $40.40.

BJ’s Restaurants Trading Down 3.3 %

Shares of NASDAQ:BJRI opened at $31.55 on Friday. The stock has a market cap of $716.75 million, a PE ratio of 46.40, a P/E/G ratio of 1.81 and a beta of 2.10. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. BJ’s Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $41.72. The business has a 50 day moving average of $35.45 and a 200-day moving average of $35.21.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The business had revenue of $344.34 million during 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, equities research analysts forecast that BJ’s Restaurants, Inc. will post 1.5 earnings per share for the current year.

BJ’s Restaurants Company 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.