BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,398 shares of the restaurant operator’s stock after selling 3,320 shares during the quarter. Los Angeles Capital Management LLC owned about 0.15% of BJ’s Restaurants worth $1,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in shares of BJ’s Restaurants by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 49,197 shares of the restaurant operator’s stock valued at $1,772,000 after buying an additional 1,288 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of BJ’s Restaurants by 40.8% in the fourth quarter. GSA Capital Partners LLP now owns 92,176 shares of the restaurant operator’s stock valued at $3,319,000 after buying an additional 26,722 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of BJ’s Restaurants by 298.7% in the fourth quarter. Verition Fund Management LLC now owns 141,556 shares of the restaurant operator’s stock valued at $5,097,000 after buying an additional 106,054 shares in the last quarter. RK Capital Management LLC grew its stake 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 buying an additional 12,500 shares in the last quarter. Finally, TCW Group Inc. grew its stake 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 buying an additional 12,012 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian S. Krakower sold 1,600 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total value of $56,896.00. Following the completion of the sale, the insider now directly owns 7,652 shares of the company’s stock, valued at approximately $272,105.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is owned by company insiders.

BJ’s Restaurants Stock Down 0.1 %

Shares of NASDAQ BJRI opened at $34.64 on Monday. The company has a market capitalization of $809.88 million, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.82 and a beta of 2.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.35 and a quick ratio of 0.28. The business has a 50-day moving average of $34.21 and a two-hundred day moving average of $34.43. BJ’s Restaurants, Inc. has a 1 year low of $21.64 and a 1 year high of $38.76.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The company had revenue of $337.33 million during the quarter, compared to the consensus estimate of $335.35 million. BJ’s Restaurants had a return on equity of 6.51% and a net margin of 1.80%. BJ’s Restaurants’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. On average, analysts forecast that BJ’s Restaurants, Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BJRI has been the subject of a number of research reports. Benchmark lifted their price objective on BJ’s Restaurants from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Barclays boosted their target price on BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, May 3rd. Finally, Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of BJ’s Restaurants in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.30.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.