Nationwide Fund Advisors trimmed its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,765 shares of the restaurant operator’s stock after selling 1,405 shares during the period. Nationwide Fund Advisors owned approximately 0.05% of BJ’s Restaurants worth $438,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its stake in shares of 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. lifted its stake in shares of 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. OppenheimerFunds Inc. lifted its stake in shares of BJ’s Restaurants by 23.0% during the first quarter. OppenheimerFunds Inc. now owns 19,312 shares of the restaurant operator’s stock worth $780,000 after buying an additional 3,606 shares during the period. Westpac Banking Corp acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $309,000. Finally, Wellington Management Group LLP lifted its stake in shares of BJ’s Restaurants by 400.2% during the first quarter. Wellington Management Group LLP now owns 85,561 shares of the restaurant operator’s stock worth $3,456,000 after buying an additional 68,455 shares during the period. Institutional investors and hedge funds own 97.32% of the company’s stock.
Several equities research analysts have recently commented on BJRI shares. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus started coverage on shares of BJ’s Restaurants in a research note on Monday, October 2nd. They set a “hold” rating and a $32.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and set a $42.00 price objective on shares of BJ’s Restaurants in a research note on Friday, October 6th. Robert W. Baird reiterated a “hold” rating and set a $36.00 price objective on shares of BJ’s Restaurants in a research note on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $39.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.89.
In related news, Director Patrick Walsh sold 37,764 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the completion of the transaction, the director now owns 19,844 shares of the company’s stock, valued at $626,871.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.
BJ’s Restaurants, Inc. (BJRI) opened at $31.55 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.46 and a current ratio of 0.55. The firm has a market capitalization of $676.63, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92.
BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.57% and a net margin of 3.30%. The business had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts anticipate that BJ’s Restaurants, Inc. will post 1.43 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 10th.
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BJ’s Restaurants Profile
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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