Ballentine Partners LLC lifted its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 395,686 shares of the restaurant operator’s stock after purchasing an additional 95,686 shares during the quarter. BJ’s Restaurants accounts for approximately 0.7% of Ballentine Partners LLC’s investment portfolio, making the stock its 23rd largest position. Ballentine Partners LLC owned 1.84% of BJ’s Restaurants worth $12,049,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in BJ’s Restaurants by 4.6% during the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after buying an additional 29,949 shares during the period. Ameriprise Financial Inc. boosted its stake in BJ’s Restaurants by 34.3% during the second quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock worth $4,934,000 after buying an additional 33,810 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in BJ’s Restaurants during the second quarter worth $417,000. Westpac Banking Corp purchased a new position in BJ’s Restaurants during the second quarter worth $309,000. Finally, BlackRock Inc. boosted its stake in BJ’s Restaurants by 132,808.6% during the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after buying an additional 2,516,723 shares during the period. 97.32% of the stock is owned by institutional investors.
BJRI has been the subject of several recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Barclays PLC dropped their price objective on shares of BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a research note on Wednesday, July 19th. Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $42.00 target price on shares of BJ’s Restaurants in a research report on Friday, October 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of BJ’s Restaurants in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus price target of $36.89.
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In other BJ’s Restaurants news, VP Gregory S. Lynds sold 3,621 shares of BJ’s Restaurants stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $30.48, for a total value of $110,368.08. Following the transaction, the vice president now owns 19,103 shares in the company, valued at $582,259.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Walsh sold 37,764 shares of BJ’s Restaurants stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total value of $1,192,964.76. Following the completion of the transaction, the director now owns 19,844 shares in the company, valued at approximately $626,871.96. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.
BJ’s Restaurants, Inc. (NASDAQ BJRI) traded up $0.55 during mid-day trading on Friday, hitting $31.20. The company had a trading volume of 554,000 shares, compared to its average volume of 526,867. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. The company has a market capitalization of $643.75, a P/E ratio of 19.38, a P/E/G ratio of 1.45 and a beta of 0.92. BJ’s Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $47.55.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The firm had revenue of $247.00 million during the quarter, compared to the consensus estimate of $248.73 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. analysts predict that BJ’s Restaurants, Inc. will post 1.41 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 10th.
About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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