Los Angeles Capital Management LLC Sells 11,700 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Los Angeles Capital Management LLC lessened its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 33.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,698 shares of the restaurant operator’s stock after selling 11,700 shares during the quarter. Los Angeles Capital Management LLC’s holdings in BJ’s Restaurants were worth $822,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. RK Capital Management LLC lifted its holdings in shares of BJ’s Restaurants by 3.8% in the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock valued at $12,301,000 after purchasing an additional 12,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BJ’s Restaurants by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock valued at $11,785,000 after purchasing an additional 4,163 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BJ’s Restaurants by 2.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after purchasing an additional 5,976 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of BJ’s Restaurants by 14.8% in the fourth quarter. First Eagle Investment Management LLC now owns 199,624 shares of the restaurant operator’s stock valued at $7,188,000 after purchasing an additional 25,796 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of BJ’s Restaurants by 8.7% in the fourth quarter. TCW Group Inc. now owns 149,578 shares of the restaurant operator’s stock valued at $5,386,000 after purchasing an additional 12,012 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BJRI shares. Wedbush reissued an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Thursday, August 29th. Barclays decreased their target price on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Restaurants has an average rating of “Hold” and an average target price of $38.63.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the purchase, the chief executive officer now owns 16,905 shares of the company’s stock, valued at $497,007. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is owned by corporate insiders.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $29.63 on Friday. The stock has a market cap of $692.84 million, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.48 and a beta of 2.12. BJ’s Restaurants, Inc. has a fifty-two week low of $21.64 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35. The stock has a fifty day moving average of $32.14 and a 200-day moving average of $33.81.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. The company had revenue of $349.93 million during the quarter, compared to analysts’ expectations of $349.18 million. BJ’s Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. Equities research analysts anticipate that BJ’s Restaurants, Inc. will post 1.42 earnings per share for the current year.

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.