1620 Investment Advisors Inc. Takes $57,000 Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

1620 Investment Advisors Inc. bought a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,645 shares of the restaurant operator’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position in shares of BJ’s Restaurants by 40.8% during the 4th quarter. GSA Capital Partners LLP now owns 92,176 shares of the restaurant operator’s stock valued at $3,319,000 after purchasing an additional 26,722 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BJ’s Restaurants by 21.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock worth $10,716,000 after buying an additional 51,364 shares in the last quarter. Verition Fund Management LLC grew its position in 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 worth $5,097,000 after buying an additional 106,054 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 buying an additional 4,163 shares in the last quarter. Finally, First Eagle Investment Management LLC increased 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 buying an additional 25,796 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, July 26th. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays cut their price objective on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.63.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $31.63 on Friday. The company has a market capitalization of $739.60 million, a price-to-earnings ratio of 31.63, a P/E/G ratio of 1.55 and a beta of 2.13. BJ’s Restaurants, Inc. has a 1-year low of $21.64 and a 1-year high of $38.87. The company has a current ratio of 0.03, a quick ratio of 0.28 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $33.39 and its 200-day simple moving average is $34.29.

BJ’s Restaurants (NASDAQ:BJRI) last released its 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 for 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 business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. On average, sell-side analysts predict that BJ’s Restaurants, Inc. will post 1.41 earnings per share for the current fiscal 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.