O Shaughnessy Asset Management LLC raised its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 58.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 165,106 shares of the restaurant operator’s stock after purchasing an additional 61,082 shares during the period. O Shaughnessy Asset Management LLC owned 0.79% of BJ’s Restaurants worth $11,859,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Capital Advisors Group LLC. bought a new stake in shares of BJ’s Restaurants in the 3rd quarter worth about $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $230,000. Bessemer Group Inc. acquired a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $234,000. Teacher Retirement System of Texas acquired a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $249,000. Finally, SG Americas Securities LLC acquired a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $250,000. 95.27% of the stock is owned by institutional investors.
BJ’s Restaurants stock opened at $65.96 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.85 and a beta of 1.04. BJ’s Restaurants, Inc. has a 52-week low of $30.45 and a 52-week high of $76.50.
BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.16. The firm had revenue of $270.27 million during the quarter, compared to analyst estimates of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 16.70%. BJ’s Restaurants’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts forecast that BJ’s Restaurants, Inc. will post 2.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. This is a positive change from BJ’s Restaurants’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, November 8th. BJ’s Restaurants’s payout ratio is presently 31.21%.
Several research firms have recently commented on BJRI. Zacks Investment Research lowered shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a report on Monday, September 17th. BidaskClub raised shares of BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 28th. Gordon Haskett began coverage on shares of BJ’s Restaurants in a report on Thursday, October 18th. They issued an “underperform” rating for the company. Morgan Stanley lifted their price target on shares of BJ’s Restaurants from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Thursday, October 18th. Finally, Piper Jaffray Companies lifted their price target on shares of BJ’s Restaurants from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $66.75.
In other BJ’s Restaurants news, VP Kendra D. Miller sold 11,524 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $66.17, for a total transaction of $762,543.08. Following the completion of the transaction, the vice president now directly owns 8,909 shares of the company’s stock, valued at approximately $589,508.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noah A. Elbogen sold 888 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $76.05, for a total transaction of $67,532.40. The disclosure for this sale can be found here. Insiders have sold a total of 301,210 shares of company stock valued at $21,785,835 over the last three months. 6.80% of the stock is currently owned by company insiders.
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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. As of September 4, 2018, the company owned and operated 201 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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