Ontario Teachers Pension Plan Board Takes Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Ontario Teachers Pension Plan Board acquired a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 8,575 shares of the restaurant operator’s stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also modified their holdings of BJRI. Robeco Institutional Asset Management B.V. grew its position in shares of BJ’s Restaurants by 296.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 563,119 shares of the restaurant operator’s stock valued at $28,447,000 after purchasing an additional 420,991 shares during the period. FMR LLC acquired a new position in shares of BJ’s Restaurants in the 4th quarter valued at approximately $21,270,000. Norges Bank acquired a new position in shares of BJ’s Restaurants in the 4th quarter valued at approximately $20,275,000. Millennium Management LLC grew its position in shares of BJ’s Restaurants by 117.4% in the 4th quarter. Millennium Management LLC now owns 449,660 shares of the restaurant operator’s stock valued at $22,739,000 after purchasing an additional 242,859 shares during the period. Finally, Deutsche Bank AG grew its position in shares of BJ’s Restaurants by 106.3% in the 4th quarter. Deutsche Bank AG now owns 432,025 shares of the restaurant operator’s stock valued at $21,845,000 after purchasing an additional 222,579 shares during the period.

NASDAQ:BJRI traded down $0.69 during trading hours on Wednesday, reaching $40.73. 2,865 shares of the stock were exchanged, compared to its average volume of 522,965. BJ’s Restaurants, Inc. has a twelve month low of $41.22 and a twelve month high of $76.50. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. The company has a market cap of $858.80 million, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The firm had revenue of $290.55 million during the quarter, compared to the consensus estimate of $289.49 million. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, analysts anticipate that BJ’s Restaurants, Inc. will post 2.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 20.43%.

Several brokerages recently issued reports on BJRI. Wells Fargo & Co decreased their price objective on BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, February 14th. BidaskClub upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Maxim Group reiterated a “buy” rating and issued a $84.00 price objective on shares of BJ’s Restaurants in a research report on Wednesday, February 13th. Zacks Investment Research upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, ValuEngine lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $63.70.

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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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, 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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