Dark Forest Capital Management LP Invests $250,000 in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Dark Forest Capital Management LP purchased a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,121 shares of the restaurant operator’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. US Bancorp DE increased its position in BJ’s Restaurants by 23.5% in the 4th quarter. US Bancorp DE now owns 1,902 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 362 shares during the period. Headlands Technologies LLC acquired a new stake in BJ’s Restaurants in the 4th quarter valued at approximately $108,000. Arizona State Retirement System acquired a new stake in BJ’s Restaurants in the 4th quarter valued at approximately $200,000. AlphaQuest LLC increased its position in BJ’s Restaurants by 1,251.3% in the 4th quarter. AlphaQuest LLC now owns 6,297 shares of the restaurant operator’s stock valued at $221,000 after acquiring an additional 5,831 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in BJ’s Restaurants in the 4th quarter valued at approximately $278,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Price Performance

BJRI stock opened at $33.49 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. BJ’s Restaurants, Inc. has a one year low of $27.61 and a one year high of $41.72. The firm has a market capitalization of $747.36 million, a PE ratio of 49.25, a P/E/G ratio of 1.81 and a beta of 1.78. The firm has a 50-day moving average of $34.08 and a two-hundred day moving average of $35.14.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The company had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. On average, analysts forecast that BJ’s Restaurants, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BJRI. Wedbush lifted their price target 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. Oppenheimer cut BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Barclays lowered their price target on BJ’s Restaurants from $37.00 to $31.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Gordon Haskett upgraded BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and a consensus price target of $39.20.

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 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.