Russell Investments Group Ltd. reduced its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,176 shares of the restaurant operator’s stock after selling 46,039 shares during the period. Russell Investments Group Ltd. owned approximately 2.61% of BJ’s Restaurants worth $16,123,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in shares of BJ’s Restaurants by 11.6% during the 3rd quarter. Hsbc Holdings PLC now owns 30,787 shares of the restaurant operator’s stock valued at $745,000 after purchasing an additional 3,196 shares during the last quarter. Emerald Advisers LLC boosted its holdings in BJ’s Restaurants by 12.7% in the fourth quarter. Emerald Advisers LLC now owns 608,545 shares of the restaurant operator’s stock valued at $16,053,000 after acquiring an additional 68,369 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in BJ’s Restaurants by 79.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 410,320 shares of the restaurant operator’s stock valued at $10,824,000 after acquiring an additional 181,986 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in BJ’s Restaurants in the third quarter valued at $342,000. Finally, Dimensional Fund Advisors LP boosted its holdings in BJ’s Restaurants by 12.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,043,644 shares of the restaurant operator’s stock worth $24,892,000 after acquiring an additional 119,308 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.
Insider Buying and Selling at BJ’s Restaurants
In related news, insider Brian S. Krakower sold 950 shares of BJ’s Restaurants stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $31.08, for a total transaction of $29,526.00. Following the completion of the transaction, the insider now directly owns 6,129 shares of the company’s stock, valued at approximately $190,489.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.
BJ’s Restaurants Trading Down 1.0 %
NASDAQ BJRI opened at $30.65 on Thursday. The stock’s 50-day simple moving average is $29.71 and its two-hundred day simple moving average is $30.48. BJ’s Restaurants, Inc. has a twelve month low of $20.15 and a twelve month high of $36.14. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $721.19 million, a price-to-earnings ratio of 117.89, a PEG ratio of 3.12 and a beta of 1.94.
BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. BJ’s Restaurants had a net margin of 0.46% and a return on equity of 1.22%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $331.83 million. During the same period last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts forecast that BJ’s Restaurants, Inc. will post 0.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have weighed in on BJRI. TheStreet upgraded shares of BJ’s Restaurants from a “d+” rating to a “c-” rating in a report on Thursday, February 16th. Robert W. Baird lifted their price objective on shares of BJ’s Restaurants from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. StockNews.com assumed coverage on BJ’s Restaurants in a report on Thursday, March 16th. They issued a “hold” rating for the company. Oppenheimer lifted their price target on shares of BJ’s Restaurants from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. Finally, Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of BJ’s Restaurants in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $34.00.
BJ’s Restaurants Profile
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BJ’s Restaurants, Inc engages in the ownership and operation of casual dining restaurants. The firm operates BJ’s Restaurant and Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza and Grill or BJ’s Grill. It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers.
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