New York State Teachers Retirement System Grows Position in BJ’s Restaurants, Inc. (BJRI)

New York State Teachers Retirement System increased its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,493 shares of the restaurant operator’s stock after acquiring an additional 1,700 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of BJ’s Restaurants worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in BJ’s Restaurants by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,557 shares during the last quarter. Victory Capital Management Inc. grew its holdings in BJ’s Restaurants by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 657 shares during the last quarter. SG Americas Securities LLC grew its holdings in BJ’s Restaurants by 20.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 877 shares during the last quarter. Pacad Investment Ltd. grew its holdings in BJ’s Restaurants by 1.8% during the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after buying an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in BJ’s Restaurants during the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 99.00% of the company’s stock.

In other news, Director Patrick Walsh sold 37,764 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the sale, the director now owns 19,844 shares in the company, valued at $626,871.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory S. Lynds sold 3,621 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.48, for a total value of $110,368.08. Following the sale, the vice president now owns 19,103 shares in the company, valued at approximately $582,259.44. The disclosure for this sale can be found here. Insiders have sold 46,092 shares of company stock worth $1,453,015 in the last 90 days. Insiders own 6.80% of the company’s stock.

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Shares of BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at $31.60 on Tuesday. BJ’s Restaurants, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $47.55. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $643.76, a price-to-earnings ratio of 19.38, a PEG ratio of 1.45 and a beta of 0.92.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. During the same quarter last year, the business earned $0.30 EPS. BJ’s Restaurants’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts expect that BJ’s Restaurants, Inc. will post 1.41 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is 7.24%.

A number of equities research analysts have commented on BJRI shares. Jefferies Group LLC reiterated a “hold” rating and set a $39.00 target price on shares of BJ’s Restaurants in a report on Thursday, August 31st. Barclays PLC lowered their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a report on Wednesday, July 19th. Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $42.00 target price on shares of BJ’s Restaurants in a report on Friday, October 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 target price (down previously from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.89.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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

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