BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System cut its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 15.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,855 shares of the restaurant operator’s stock after selling 2,470 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of BJ’s Restaurants worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of BJRI. BNP Paribas Arbitrage SA raised its stake in BJ’s Restaurants by 97.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,252 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 3,085 shares during the period. SG Americas Securities LLC purchased a new position in BJ’s Restaurants during the 1st quarter valued at approximately $950,000. Rhumbline Advisers grew its holdings in BJ’s Restaurants by 1.0% during the 1st quarter. Rhumbline Advisers now owns 60,081 shares of the restaurant operator’s stock valued at $2,841,000 after buying an additional 572 shares in the last quarter. Pearl River Capital LLC purchased a new position in BJ’s Restaurants during the 1st quarter valued at approximately $130,000. Finally, Texas Permanent School Fund grew its holdings in BJ’s Restaurants by 2.7% during the 1st quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock valued at $677,000 after buying an additional 379 shares in the last quarter.

In related news, Director Gerald W. Deitchle bought 3,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $33.81 per share, for a total transaction of $101,430.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Greg Trojan bought 14,400 shares of the stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $32.92 per share, for a total transaction of $474,048.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the company. Wells Fargo & Co raised their price target on BJ’s Restaurants from $44.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, July 15th. Barclays set a $32.00 price target on BJ’s Restaurants and gave the company a “sell” rating in a report on Friday, July 26th. CIBC upgraded BJ’s Restaurants from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, June 14th. Oppenheimer dropped their target price on BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, ValuEngine cut BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. BJ’s Restaurants currently has a consensus rating of “Hold” and an average price target of $50.67.

BJRI stock traded up $1.12 on Thursday, hitting $36.83. 1,134 shares of the company’s stock were exchanged, compared to its average volume of 455,653. BJ’s Restaurants, Inc. has a 12-month low of $32.62 and a 12-month high of $76.50. The firm has a 50 day moving average price of $37.75 and a two-hundred day moving average price of $44.02. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.30 and a current ratio of 0.37. The stock has a market cap of $718.80 million, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.06). BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The business had revenue of $301.09 million for the quarter, compared to analysts’ expectations of $300.35 million. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that BJ’s Restaurants, Inc. will post 1.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 9th. This represents a $0.48 annualized dividend and a yield of 1.30%. BJ’s Restaurants’s payout ratio is presently 20.43%.

BJ’s Restaurants 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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, 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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