Bank of America Corp DE Decreases Stock Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Bank of America Corp DE cut its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 37.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,539 shares of the restaurant operator’s stock after selling 10,490 shares during the period. Bank of America Corp DE’s holdings in BJ’s Restaurants were worth $770,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Comerica Bank boosted its position in shares of BJ’s Restaurants by 1.6% in the 2nd quarter. Comerica Bank now owns 18,169 shares of the restaurant operator’s stock worth $748,000 after buying an additional 293 shares in the last quarter. Swiss National Bank boosted its position in shares of BJ’s Restaurants by 1.0% in the 2nd quarter. Swiss National Bank now owns 39,200 shares of the restaurant operator’s stock worth $1,722,000 after buying an additional 400 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of BJ’s Restaurants by 13.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,660 shares of the restaurant operator’s stock worth $381,000 after buying an additional 1,000 shares in the last quarter. Northern Trust Corp boosted its position in shares of BJ’s Restaurants by 0.5% in the 2nd quarter. Northern Trust Corp now owns 284,610 shares of the restaurant operator’s stock worth $12,507,000 after buying an additional 1,480 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of BJ’s Restaurants by 2.5% in the 2nd quarter. Bessemer Group Inc. now owns 83,109 shares of the restaurant operator’s stock worth $3,652,000 after buying an additional 2,005 shares in the last quarter.

In related news, CEO Greg Trojan acquired 14,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $32.92 per share, with a total value of $474,048.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald W. Deitchle acquired 3,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $33.81 per share, with a total value of $101,430.00. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Shares of BJRI stock opened at $40.98 on Tuesday. BJ’s Restaurants, Inc. has a twelve month low of $32.62 and a twelve month high of $70.07. The firm has a 50-day moving average price of $37.33 and a 200 day moving average price of $41.28. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $750.72 million, a price-to-earnings ratio of 17.44, a PEG ratio of 1.34 and a beta of 0.88.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. BJ’s Restaurants had a net margin of 3.60% and a return on equity of 13.02%. The company had revenue of $278.74 million during the quarter, compared to the consensus estimate of $278.49 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that BJ’s Restaurants, Inc. will post 1.9 earnings per share for the current year.

Several equities research analysts recently commented on BJRI shares. Oppenheimer decreased their price objective on shares of BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Guggenheim set a $47.00 target price on shares of BJ’s Restaurants and gave the company a “hold” rating in a research note on Friday. BidaskClub raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Stifel Nicolaus cut their target price on shares of BJ’s Restaurants from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Morgan Stanley set a $38.00 target price on shares of BJ’s Restaurants and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.13.

About BJ’s Restaurants

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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Institutional Ownership by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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