2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP lowered its stake in BJ’s Restaurants, Inc. ( NASDAQ:BJRI – Free Report ) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 1,071,032 shares of the restaurant operator’s stock after selling 18,801 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.58% of BJ’s Restaurants worth $37,165,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in shares of BJ’s Restaurants in the second quarter worth about $40,000.
EntryPoint Capital LLC acquired a new position in BJ’s Restaurants in the 1st quarter worth approximately $45,000. 1620 Investment Advisors Inc. purchased a new position in BJ’s Restaurants during the 2nd quarter worth approximately $57,000.
Headlands Technologies LLC raised its stake in BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the period.
Finally, nVerses Capital LLC purchased a new stake in shares of BJ’s Restaurants in the second quarter valued at $187,000. Institutional investors and hedge funds own 99.95% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on BJRI. Barclays lowered their price target on BJ’s Restaurants from $36.00 to $35.
00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush reissued an “outperform” rating and issued a $43.
00 price target on shares of BJ’s Restaurants in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.
63. BJ’s Restaurants Stock Performance Shares of BJRI stock opened at $32.56 on Tuesday.
BJ’s Restaurants, Inc. has a fifty-two week low of $21.64 and a fifty-two week high of $38.
87. The stock’s 50-day moving average is $31.11 and its two-hundred day moving average is $33.
45. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.
35 and a quick ratio of 0.27. The firm has a market cap of $761.
35 million, a P/E ratio of 32.56, a PEG ratio of 1.60 and a beta of 2.
12. BJ’s Restaurants ( NASDAQ:BJRI – Get Free Report ) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $0.
72 EPS for the quarter, topping the consensus estimate of $0.51 by $0.21.
BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%.
The company had revenue of $349.93 million during the quarter, compared to the consensus estimate of $349.18 million.
During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up .
1% compared to the same quarter last year. Analysts predict that BJ’s Restaurants, Inc. will post 1.
42 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $29.
40 per share, with a total value of $73,500.00. Following the completion of the transaction, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007.
The purchase was disclosed in a filing with the SEC, which is available through this link . Company insiders own 4.90% of the company’s stock.
BJ’s Restaurants Company Profile ( Free Report ) 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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.
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