Boston Partners lifted its holdings in shares of BJ’s Restaurants (NASDAQ:BJRI) by 34.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,540 shares of the restaurant operator’s stock after buying an additional 46,340 shares during the quarter. Boston Partners owned about 0.88% of BJ’s Restaurants worth $8,151,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Teacher Retirement System of Texas purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $230,000. Stone Ridge Asset Management LLC purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $255,000. MetLife Investment Advisors LLC purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $331,000. Leucadia National Corp purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $397,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $426,000. Institutional investors own 93.54% of the company’s stock.
Shares of BJ’s Restaurants opened at $51.80 on Wednesday, Marketbeat.com reports. The firm has a market capitalization of $1.13 billion, a PE ratio of 36.74, a P/E/G ratio of 1.80 and a beta of 0.71. BJ’s Restaurants has a one year low of $51.55 and a one year high of $52.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 0.53.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. The firm had revenue of $278.52 million for the quarter, compared to analyst estimates of $273.86 million. BJ’s Restaurants had a net margin of 4.77% and a return on equity of 13.81%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. research analysts expect that BJ’s Restaurants will post 1.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Monday, May 14th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, May 11th. BJ’s Restaurants’s payout ratio is 31.21%.
In other news, Director Gerald W. Deitchle sold 161,703 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $43.55, for a total value of $7,042,165.65. Following the transaction, the director now owns 80,548 shares of the company’s stock, valued at approximately $3,507,865.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noah A. Elbogen sold 14,874 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $55.84, for a total transaction of $830,564.16. Following the completion of the transaction, the director now directly owns 35,114 shares in the company, valued at approximately $1,960,765.76. The disclosure for this sale can be found here. Insiders sold a total of 888,289 shares of company stock worth $47,209,671 in the last three months. Insiders own 6.80% of the company’s stock.
Several research firms have issued reports on BJRI. Barclays increased their target price on shares of BJ’s Restaurants from $30.00 to $31.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 target price (up from $34.00) on shares of BJ’s Restaurants in a research note on Monday, February 26th. BidaskClub upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus increased their target price on shares of BJ’s Restaurants from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $40.00 target price on shares of BJ’s Restaurants in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.44.
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 March 20, 2018, the company owned and operated 198 casual dining restaurants located in the 26 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, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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