BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 11.4% in the 4th quarter, HoldingsChannel reports. The fund owned 236,919 shares of the restaurant operator’s stock after selling 30,404 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BJ’s Restaurants were worth $8,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP boosted its position 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 acquiring an additional 719 shares in the last quarter. US Bancorp DE boosted its position in shares of BJ’s Restaurants by 23.5% during the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 362 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of BJ’s Restaurants during the 3rd quarter worth about $216,000. Capstone Investment Advisors LLC acquired a new position in shares of BJ’s Restaurants during the 3rd quarter worth about $219,000. Finally, BNP Paribas Financial Markets boosted its position in shares of BJ’s Restaurants by 11.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 693 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Performance

NASDAQ BJRI opened at $34.05 on Monday. BJ’s Restaurants, Inc. has a 1-year low of $27.61 and a 1-year high of $41.72. The company has a market capitalization of $773.55 million, a P/E ratio of 50.07, a PEG ratio of 1.81 and a beta of 2.10. The business has a 50 day moving average price of $35.43 and a 200 day moving average price of $34.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.28.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $336.48 million. Sell-side analysts expect that BJ’s Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BJRI. Wedbush upped their target price on 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 upped 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. Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. Finally, Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $40.40.

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.