New York State Common Retirement Fund increased its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,167 shares of the restaurant operator’s stock after purchasing an additional 2,100 shares during the period. New York State Common Retirement Fund’s holdings in BJ’s Restaurants were worth $1,852,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of BJ’s Restaurants in the 1st quarter worth approximately $34,000. Somerset Trust Co lifted its holdings in shares of BJ’s Restaurants by 133.1% in the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 454 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BJ’s Restaurants by 29.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 357 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of BJ’s Restaurants in the 1st quarter worth approximately $130,000. Finally, LS Investment Advisors LLC lifted its holdings in shares of BJ’s Restaurants by 386.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,185 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 2,530 shares during the last quarter.
Shares of BJ’s Restaurants stock opened at $41.44 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39. The firm has a market cap of $848.24 million, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. BJ’s Restaurants, Inc. has a 1-year low of $40.64 and a 1-year high of $76.50.
BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $290.55 million for the quarter, compared to the consensus estimate of $289.49 million. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. On average, research analysts forecast that BJ’s Restaurants, Inc. will post 2.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 10th. BJ’s Restaurants’s payout ratio is currently 20.43%.
Several analysts recently issued reports on the company. Wells Fargo & Co cut their price target on BJ’s Restaurants from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, February 14th. BidaskClub raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Maxim Group reissued a “buy” rating and issued a $72.00 price target (down previously from $84.00) on shares of BJ’s Restaurants in a report on Friday, February 22nd. Zacks Investment Research raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Finally, ValuEngine downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. BJ’s Restaurants presently has a consensus rating of “Hold” and an average target price of $62.64.
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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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