Two Sigma Investments LP Sells 15,915 Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI)

Two Sigma Investments LP lessened its holdings in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 37.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,395 shares of the restaurant operator's stock after selling 15,915 shares during the quarter. Two Sigma Investments LP owned 0.12% of BJ's Restaurants worth $927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in BJ's Restaurants during the 4th quarter valued at $4,502,000. Emerald Advisers LLC lifted its stake in BJ's Restaurants by 2.6% during the 4th quarter. Emerald Advisers LLC now owns 583,828 shares of the restaurant operator's stock valued at $20,513,000 after acquiring an additional 14,607 shares in the last quarter. Amundi lifted its stake in BJ's Restaurants by 198.2% during the 4th quarter. Amundi now owns 11,603 shares of the restaurant operator's stock valued at $410,000 after acquiring an additional 7,712 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in BJ's Restaurants by 45.4% during the 4th quarter. Nuveen Asset Management LLC now owns 243,267 shares of the restaurant operator's stock valued at $8,547,000 after acquiring an additional 75,936 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in BJ's Restaurants by 9.2% during the 4th quarter. Northern Trust Corp now owns 229,029 shares of the restaurant operator's stock valued at $8,047,000 after acquiring an additional 19,239 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

Analysts Set New Price Targets

BJRI has been the topic of several analyst reports. Wedbush boosted their price target on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Barclays boosted their price target on shares of BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Finally, Sanford C. Bernstein set a $33.00 price target on shares of BJ's Restaurants and gave the stock an "underweight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, BJ's Restaurants has a consensus rating of "Hold" and an average price target of $37.20.

Insider Transactions at BJ's Restaurants

In other news, insider Brian S. Krakower sold 3,738 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.32, for a total value of $165,668.16. Following the transaction, the insider now owns 4,579 shares of the company's stock, valued at approximately $202,941.28. This represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greg Trojan sold 146,102 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $44.63, for a total transaction of $6,520,532.26. Following the completion of the transaction, the director now directly owns 19,896 shares in the company, valued at approximately $887,958.48. The trade was a 88.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company's stock.

BJ's Restaurants Stock Performance

NASDAQ:BJRI traded up $0.16 during trading on Monday, reaching $44.26. The company's stock had a trading volume of 315,368 shares, compared to its average volume of 375,414. The firm has a market cap of $978.85 million, a price-to-earnings ratio of 65.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. The firm has a 50 day moving average of $37.77 and a 200-day moving average of $36.42. BJ's Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $45.80.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.20. The firm had revenue of $347.97 million for the quarter, compared to analyst estimates of $347.70 million. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The business's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Research analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS 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 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.