Shell Asset Management Co. Purchases New Holdings in BJ’s Restaurants, Inc. (BJRI)

Shell Asset Management Co. purchased a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,402 shares of the restaurant operator’s stock, valued at approximately $968,000. Shell Asset Management Co. owned 0.06% of BJ’s Restaurants as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BJRI. O Shaughnessy Asset Management LLC raised its stake in shares of BJ’s Restaurants by 58.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 165,106 shares of the restaurant operator’s stock valued at $11,859,000 after purchasing an additional 61,082 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of BJ’s Restaurants during the second quarter worth approximately $2,750,000. MetLife Investment Advisors LLC acquired a new stake in shares of BJ’s Restaurants during the second quarter worth approximately $545,000. Hennessy Advisors Inc. acquired a new stake in shares of BJ’s Restaurants during the third quarter worth approximately $26,635,000. Finally, Rhumbline Advisers grew its position in shares of BJ’s Restaurants by 3.6% during the second quarter. Rhumbline Advisers now owns 46,185 shares of the restaurant operator’s stock worth $2,771,000 after buying an additional 1,615 shares in the last quarter.

In other news, Director Noah A. Elbogen sold 888 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $76.05, for a total transaction of $67,532.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lon Ledwith sold 11,211 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.44, for a total transaction of $845,757.84. Following the transaction, the vice president now directly owns 10,913 shares of the company’s stock, valued at approximately $823,276.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,522 shares of company stock valued at $1,995,493. 6.80% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on BJRI shares. Loop Capital raised their price target on shares of BJ’s Restaurants to $60.00 in a research report on Sunday. BidaskClub raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, September 26th. Maxim Group started coverage on shares of BJ’s Restaurants in a research report on Wednesday, August 22nd. They set a “buy” rating and a $81.00 price target for the company. Finally, ValuEngine downgraded shares of BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. BJ’s Restaurants presently has an average rating of “Hold” and a consensus target price of $64.67.

BJ’s Restaurants stock opened at $54.30 on Wednesday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.41. BJ’s Restaurants, Inc. has a 12 month low of $35.41 and a 12 month high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.16. The firm had revenue of $270.27 million during the quarter, compared to the consensus estimate of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 16.70%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts anticipate that BJ’s Restaurants, Inc. will post 2.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 12th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, November 8th. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.11. BJ’s Restaurants’s payout ratio is currently 34.04%.

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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 September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Institutional Ownership by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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