Integrated Quantitative Investments LLC Purchases New Holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Integrated Quantitative Investments LLC purchased a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the fourth quarter, Holdings Channel reports. The firm purchased 11,900 shares of the restaurant operator’s stock, valued at approximately $418,000.

A number of other hedge funds have also recently added to or reduced their stakes in BJRI. Quarry LP grew its holdings 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. US Bancorp DE grew its stake in BJ’s Restaurants by 23.5% during the fourth quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after buying an additional 362 shares in the last quarter. Headlands Technologies LLC bought a new position in BJ’s Restaurants in the 4th quarter valued at about $108,000. Arizona State Retirement System bought a new position in BJ’s Restaurants in the 4th quarter valued at about $200,000. Finally, Walleye Capital LLC acquired a new position in shares of BJ’s Restaurants in the 3rd quarter valued at approximately $216,000. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Down 3.3 %

NASDAQ BJRI opened at $31.55 on Friday. The company has a market cap of $716.75 million, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. BJ’s Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $41.72. The company has a quick ratio of 0.28, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average is $35.45 and its 200 day moving average is $35.21.

BJ’s Restaurants (NASDAQ:BJRI) last announced 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 for the quarter, compared to analyst estimates of $336.48 million. As a group, sell-side analysts expect that BJ’s Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BJRI. 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 note on Wednesday, January 8th. Wedbush lifted their price target on BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Finally, Barclays lifted their target price on BJ’s Restaurants from $34.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.40.

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.