Jane Street Group LLC purchased a new position in shares of BJ’s Restaurants (NASDAQ:BJRI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,634 shares of the restaurant operator’s stock, valued at approximately $569,000.
Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in BJ’s Restaurants during the 4th quarter worth $230,000. Stone Ridge Asset Management LLC acquired a new position in BJ’s Restaurants during the 4th quarter worth $255,000. Municipal Employees Retirement System of Michigan boosted its position in BJ’s Restaurants by 59.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock worth $214,000 after acquiring an additional 2,620 shares during the period. Macquarie Group Ltd. acquired a new position in BJ’s Restaurants during the 3rd quarter worth $292,000. Finally, Leucadia National Corp acquired a new position in BJ’s Restaurants during the 4th quarter worth $397,000. Institutional investors own 94.61% of the company’s stock.
In other news, insider Brian S. Krakower sold 5,504 shares of the business’s stock in a transaction 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 sale, the insider now owns 3,318 shares of the company’s stock, valued at approximately $146,688.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald W. Deitchle sold 161,703 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $43.55, for a total value of $7,042,165.65. Following the completion of the sale, the director now directly owns 80,548 shares in the company, valued at approximately $3,507,865.40. The disclosure for this sale can be found here. Insiders sold a total of 170,867 shares of company stock worth $7,447,599 in the last three months. Company insiders own 6.80% of the company’s stock.
BJRI opened at $45.05 on Friday. BJ’s Restaurants has a one year low of $28.00 and a one year 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. The firm has a market capitalization of $927.82, a PE ratio of 31.95, a PEG ratio of 1.66 and a beta of 0.74.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. BJ’s Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The company had revenue of $261.10 million for the quarter, compared to the consensus estimate of $259.34 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts forecast that BJ’s Restaurants will post 1.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 12th. BJ’s Restaurants’s dividend payout ratio is presently 15.60%.
A number of research analysts have issued reports on BJRI shares. Wedbush upgraded BJ’s Restaurants from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $37.00 to $44.00 in a research report on Thursday, February 15th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Barclays reiterated 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 reiterated 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 reiterated 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.56.
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BJ’s Restaurants Company 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 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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