348,882 Shares in BJ’s Restaurants, Inc. (BJRI) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 348,882 shares of the restaurant operator’s stock, valued at approximately $25,189,000. Marshall Wace LLP owned about 1.64% of BJ’s Restaurants at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in BJ’s Restaurants by 10.2% in the second quarter. BlackRock Inc. now owns 3,168,825 shares of the restaurant operator’s stock worth $190,129,000 after purchasing an additional 292,172 shares during the last quarter. Vanguard Group Inc. boosted its holdings in BJ’s Restaurants by 21.0% in the third quarter. Vanguard Group Inc. now owns 2,557,469 shares of the restaurant operator’s stock worth $184,650,000 after purchasing an additional 443,322 shares during the last quarter. Acadian Asset Management LLC boosted its holdings 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 worth $55,285,000 after purchasing an additional 380,544 shares during the last quarter. Rothschild & Co. Asset Management US Inc. boosted its holdings in BJ’s Restaurants by 2.5% in the third quarter. Rothschild & Co. Asset Management US Inc. now owns 493,839 shares of the restaurant operator’s stock worth $35,655,000 after purchasing an additional 12,155 shares during the last quarter. Finally, Rothschild Asset Management Inc. purchased a new stake in BJ’s Restaurants in the second quarter worth approximately $28,901,000.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research restated a “buy” rating and issued a $70.00 target price on shares of BJ’s Restaurants in a report on Monday, November 12th. BidaskClub cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Loop Capital raised their target price on shares of BJ’s Restaurants to $60.00 in a report on Sunday, December 2nd. Barclays dropped their target price on shares of BJ’s Restaurants from $59.00 to $53.00 and set an “underweight” rating on the stock in a report on Thursday, November 29th. Finally, ValuEngine cut shares of BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.67.

In other news, VP Kendra D. Miller sold 11,524 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $66.17, for a total transaction of $762,543.08. Following the sale, the vice president now directly owns 8,909 shares in the company, valued at approximately $589,508.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kendra D. Miller sold 4,899 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $65.25, for a total transaction of $319,659.75. Following the sale, the vice president now owns 8,909 shares in the company, valued at $581,312.25. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Shares of BJ’s Restaurants stock opened at $54.73 on Friday. The firm has a market cap of $1.18 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. BJ’s Restaurants, Inc. has a 1-year low of $35.51 and a 1-year high of $76.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.41 and a current ratio of 0.49.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.16. The business had revenue of $270.27 million for the quarter, compared to analysts’ expectations of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 16.70%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. As a group, equities analysts expect that BJ’s Restaurants, Inc. will post 2.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, November 8th. This is a boost from BJ’s Restaurants’s previous quarterly dividend of $0.11. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 34.04%.

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

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