Metropolitan Life Insurance Co. NY cut its stake in shares of BJ’s Restaurants (NASDAQ:BJRI) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,397 shares of the restaurant operator’s stock after selling 6,935 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in BJ’s Restaurants were worth $233,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in BJ’s Restaurants by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock worth $32,746,000 after purchasing an additional 131,078 shares during the last quarter. Millennium Management LLC lifted its stake in BJ’s Restaurants by 41.1% during the fourth quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock worth $37,330,000 after purchasing an additional 298,835 shares during the last quarter. Deutsche Bank AG lifted its stake in BJ’s Restaurants by 2.3% during the fourth quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock worth $20,052,000 after purchasing an additional 12,459 shares during the last quarter. Armistice Capital LLC lifted its stake in BJ’s Restaurants by 28.0% during the fourth quarter. Armistice Capital LLC now owns 384,000 shares of the restaurant operator’s stock worth $13,978,000 after purchasing an additional 84,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BJ’s Restaurants by 45.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 343,214 shares of the restaurant operator’s stock worth $12,493,000 after purchasing an additional 107,602 shares during the last quarter. 94.92% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ BJRI opened at $48.55 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.49 and a quick ratio of 0.41. BJ’s Restaurants has a twelve month low of $28.00 and a twelve month high of $50.00. The company has a market capitalization of $1,013.93, a price-to-earnings ratio of 34.43, a PEG ratio of 1.79 and a beta of 0.74.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $259.34 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. sell-side analysts anticipate that BJ’s Restaurants will post 1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, March 12th. BJ’s Restaurants’s dividend payout ratio is currently 15.60%.
In other BJ’s Restaurants news, insider Alex Puchner sold 3,660 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $44.29, for a total value of $162,101.40. Following the completion of the sale, the insider now owns 2,323 shares in the company, valued at $102,885.67. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian S. Krakower sold 5,504 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the sale, the insider now owns 3,318 shares of the company’s stock, valued at approximately $146,688.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,867 shares of company stock valued at $7,447,599. 6.80% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on BJRI shares. Barclays restated an “underweight” rating and set a $30.00 target price (up previously from $27.00) on shares of BJ’s Restaurants in a research note on Tuesday, January 16th. Morgan Stanley restated an “equal weight” rating and set a $38.00 target price (up previously from $34.00) on shares of BJ’s Restaurants in a research note on Monday, February 26th. Stifel Nicolaus upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Zacks Investment Research cut BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of BJ’s Restaurants in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.11.
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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 March 20, 2018, the company owned and operated 198 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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