Teachers Advisors LLC lifted its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 414.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,613 shares of the restaurant operator’s stock after purchasing an additional 165,683 shares during the period. Teachers Advisors LLC’s holdings in BJ’s Restaurants were worth $14,845,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in BJ’s Restaurants by 98.8% in the third quarter. Acadian Asset Management LLC now owns 765,717 shares of the restaurant operator’s stock valued at $55,285,000 after purchasing an additional 380,544 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in BJ’s Restaurants in the third quarter valued at $22,632,000. Allianz Asset Management GmbH lifted its stake in shares of BJ’s Restaurants by 4,422.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 190,591 shares of the restaurant operator’s stock worth $13,761,000 after buying an additional 186,377 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of BJ’s Restaurants by 2,750.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 142,128 shares of the restaurant operator’s stock worth $10,262,000 after buying an additional 137,141 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of BJ’s Restaurants by 78.9% during the 3rd quarter. Deutsche Bank AG now owns 209,446 shares of the restaurant operator’s stock worth $15,120,000 after buying an additional 92,375 shares during the last quarter.

A number of equities research analysts have recently weighed in on BJRI shares. Gordon Haskett started coverage on shares of BJ’s Restaurants in a research note on Thursday, October 18th. They issued an “underperform” rating on the stock. Morgan Stanley boosted their price target on shares of BJ’s Restaurants from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 18th. Maxim Group restated a “buy” rating and issued a $81.00 price target on shares of BJ’s Restaurants in a research report on Wednesday, October 24th. Loop Capital started coverage on shares of BJ’s Restaurants in a research note on Wednesday, October 24th. They issued a “hold” rating and a $70.00 price objective for the company. Finally, Stifel Nicolaus lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $70.00 in a research note on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $64.00.

Shares of NASDAQ:BJRI traded up $1.30 on Monday, hitting $51.49. 3,233 shares of the company traded hands, compared to its average volume of 433,662. BJ’s Restaurants, Inc. has a 52 week low of $36.10 and a 52 week high of $76.50. The company has a market capitalization of $1.07 billion, a PE ratio of 35.99, a PEG ratio of 1.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.41.

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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. As of November 20, 2018, the company owned and operated 202 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Institutional Ownership by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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