SG Americas Securities LLC bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,088 shares of the restaurant operator’s stock, valued at approximately $950,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BJRI. FNY Investment Advisers LLC acquired a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $34,000. Somerset Trust Co grew its position in BJ’s Restaurants by 133.1% during the first quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 454 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in BJ’s Restaurants during the fourth quarter valued at approximately $72,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BJ’s Restaurants by 29.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 357 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in BJ’s Restaurants by 386.3% during the fourth quarter. LS Investment Advisors LLC now owns 3,185 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 2,530 shares in the last quarter.
BJRI stock opened at $47.21 on Thursday. 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 capitalization of $990.89 million, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.48 and a beta of 0.82. BJ’s Restaurants, Inc. has a 12 month low of $43.96 and a 12 month high of $76.50.
BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The company had revenue of $290.55 million during the quarter, compared to the consensus estimate of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, equities research analysts predict that BJ’s Restaurants, Inc. will post 2.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, May 10th. BJ’s Restaurants’s dividend payout ratio is 20.43%.
A number of research analysts recently commented on the stock. Maxim Group reaffirmed a “buy” rating and set a $72.00 price objective (down from $84.00) on shares of BJ’s Restaurants in a research report on Friday, February 22nd. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. BidaskClub raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Wells Fargo & Co lowered their price objective on shares of BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, February 14th. Finally, Stephens lowered their price objective on shares of BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating on the stock in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. BJ’s Restaurants has an average rating of “Hold” and an average price target of $65.20.
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 2, 2019, the company owned and operated 202 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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