Jefferies Group LLC bought a new position in BJ’s Restaurants (NASDAQ:BJRI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 39,934 shares of the restaurant operator’s stock, valued at approximately $1,454,000. Jefferies Group LLC owned approximately 0.19% of BJ’s Restaurants at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of BJ’s Restaurants by 41.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,214 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 1,823 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position 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 valued at $214,000 after buying an additional 2,620 shares during the period. Teacher Retirement System of Texas bought a new position in BJ’s Restaurants during the fourth quarter valued at about $230,000. Macquarie Group Ltd. bought a new position in BJ’s Restaurants during the third quarter valued at about $292,000. Finally, Leucadia National Corp bought a new position in BJ’s Restaurants during the fourth quarter valued at about $397,000. Hedge funds and other institutional investors own 94.61% of the company’s stock.
In other BJ’s Restaurants news, Director Gerald W. Deitchle sold 161,703 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $43.55, for a total transaction of $7,042,165.65. Following the sale, the director now directly owns 80,548 shares of the company’s stock, valued at $3,507,865.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian S. Krakower sold 5,504 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $44.21, for a total transaction of $243,331.84. Following the completion of the sale, the insider now directly owns 3,318 shares in the company, valued at $146,688.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 170,867 shares of company stock worth $7,447,599. Insiders own 6.80% of the company’s stock.
BJRI has been the subject of several research reports. Wedbush upgraded shares of BJ’s Restaurants from a “neutral” rating to an “outperform” rating and increased their price target for the company from $37.00 to $44.00 in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Barclays restated an “underweight” rating and set a $30.00 price target (up previously from $27.00) on shares of BJ’s Restaurants in a research report on Tuesday, January 16th. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of BJ’s Restaurants in a research report on Friday, February 23rd. Finally, Canaccord Genuity restated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of BJ’s Restaurants in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. BJ’s Restaurants currently has an average rating of “Hold” and a consensus price target of $40.56.
NASDAQ BJRI opened at $45.05 on Friday. The stock has a market cap of $927.82, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.74. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $47.55. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.63.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The business had revenue of $261.10 million for the quarter, compared to the consensus estimate of $259.34 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 12.07%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. analysts anticipate that BJ’s Restaurants will post 1.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, March 12th. BJ’s Restaurants’s dividend payout ratio (DPR) is presently 15.60%.
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About BJ’s Restaurants
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 February 26, 2018, the company owned and operated 197 casual dining restaurants located in the 26 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, South Carolina, Tennessee, Texas, Virginia, and Washington.
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