Millennium Management LLC Buys 298,835 Shares of BJ's Restaurants, Inc. (BJRI)

Millennium Management LLC grew its stake in BJ's Restaurants, Inc. (NASDAQ:BJRI) by 41.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,025,536 shares of the restaurant operator’s stock after buying an additional 298,835 shares during the quarter. Millennium Management LLC’s holdings in BJ's Restaurants were worth $37,330,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in BJ's Restaurants by 41.5% during the third quarter. Victory Capital Management Inc. now owns 6,214 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 1,823 shares during the last quarter. First Trust Advisors LP lifted its stake in BJ's Restaurants by 6.1% during the third quarter. First Trust Advisors LP now owns 43,576 shares of the restaurant operator’s stock worth $1,327,000 after purchasing an additional 2,487 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in BJ's Restaurants by 59.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 2,620 shares during the last quarter. Geode Capital Management LLC lifted its stake in BJ's Restaurants by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 179,980 shares of the restaurant operator’s stock worth $6,551,000 after purchasing an additional 2,676 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in BJ's Restaurants by 3.5% during the third quarter. Segall Bryant & Hamill LLC now owns 94,818 shares of the restaurant operator’s stock worth $2,887,000 after purchasing an additional 3,248 shares during the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.

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Several equities research analysts recently weighed in on BJRI shares. Zacks Investment Research cut BJ's Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Jefferies Group restated a “hold” rating and set a $40.00 target price on shares of BJ's Restaurants in a research note on Friday, February 23rd. Canaccord Genuity restated a “buy” rating and set a $45.00 target price on shares of BJ's Restaurants in a research note on Monday, January 8th. BidaskClub upgraded BJ's Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $38.00 target price (up previously from $34.00) on shares of BJ's Restaurants in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. BJ's Restaurants has a consensus rating of “Hold” and an average target price of $40.56.

In other BJ's Restaurants news, Director Gerald W. Deitchle sold 161,703 shares of BJ's Restaurants stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $43.55, for a total transaction of $7,042,165.65. Following the transaction, the director now owns 80,548 shares of the company’s stock, valued at $3,507,865.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian S. Krakower sold 5,504 shares of BJ's Restaurants stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $44.21, for a total value of $243,331.84. Following the transaction, the insider now directly owns 3,318 shares in the company, valued at approximately $146,688.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,867 shares of company stock worth $7,447,599. 6.80% of the stock is currently owned by corporate insiders.

BJRI stock opened at $43.35 on Friday. The company has a market capitalization of $876.55, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. BJ's Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $47.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.41 and a current ratio of 0.49.

BJ's Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $261.10 million for the quarter, compared to analyst estimates of $259.34 million. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. equities analysts expect that BJ's Restaurants, Inc. will post 1.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, March 12th. BJ's Restaurants’s dividend payout ratio (DPR) is 10.53%.

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BJ's Restaurants 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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