22,065 Shares in BJ’s Restaurants, Inc. (BJRI) Acquired by Chicago Equity Partners LLC

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Chicago Equity Partners LLC acquired a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,065 shares of the restaurant operator’s stock, valued at approximately $1,324,000.

A number of other hedge funds also recently made changes to their positions in BJRI. Engineers Gate Manager LP purchased a new position in shares of BJ’s Restaurants in the second quarter worth about $2,750,000. Landscape Capital Management L.L.C. increased its stake in shares of BJ’s Restaurants by 24.9% in the first quarter. Landscape Capital Management L.L.C. now owns 207,600 shares of the restaurant operator’s stock worth $9,321,000 after purchasing an additional 41,336 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of BJ’s Restaurants by 2.5% in the first quarter. Segall Bryant & Hamill LLC now owns 106,231 shares of the restaurant operator’s stock worth $4,770,000 after purchasing an additional 2,588 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of BJ’s Restaurants by 434.7% in the second quarter. Acadian Asset Management LLC now owns 385,173 shares of the restaurant operator’s stock worth $23,108,000 after purchasing an additional 313,144 shares in the last quarter. Finally, Boston Partners increased its stake in shares of BJ’s Restaurants by 34.3% in the first quarter. Boston Partners now owns 181,540 shares of the restaurant operator’s stock worth $8,151,000 after purchasing an additional 46,340 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:BJRI opened at $74.70 on Thursday. The company has a market cap of $1.59 billion, a P/E ratio of 53.16, a PEG ratio of 2.34 and a beta of 0.73. BJ’s Restaurants, Inc. has a 12 month low of $28.00 and a 12 month high of $76.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.64 by $0.15. The company had revenue of $287.63 million during the quarter, compared to analysts’ expectations of $283.22 million. BJ’s Restaurants had a net margin of 5.35% and a return on equity of 15.76%. BJ’s Restaurants’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. equities research analysts anticipate that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Investors of record on Monday, August 13th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, August 10th. This represents a $0.44 annualized dividend and a yield of 0.59%. BJ’s Restaurants’s dividend payout ratio is currently 31.21%.

In other BJ’s Restaurants news, insider Alex Puchner sold 3,907 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $62.63, for a total value of $244,695.41. Following the completion of the transaction, the insider now owns 4,480 shares of the company’s stock, valued at approximately $280,582.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Greg Trojan sold 26,979 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $74.65, for a total transaction of $2,013,982.35. Following the completion of the transaction, the chief executive officer now directly owns 66,783 shares of the company’s stock, valued at approximately $4,985,350.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 289,515 shares of company stock valued at $20,863,862. 6.80% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on BJRI shares. Barclays lifted their target price on shares of BJ’s Restaurants from $47.00 to $49.00 and gave the stock a “$63.80” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, July 25th. Stifel Nicolaus boosted their price objective on shares of BJ’s Restaurants from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. BidaskClub cut shares of BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, Stephens reaffirmed a “buy” rating and set a $70.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 20th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $59.58.

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 June 12, 2018, the company owned and operated 200 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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