Congress Asset Management Co. MA boosted its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,887 shares of the restaurant operator’s stock after buying an additional 5,590 shares during the period. Congress Asset Management Co. MA owned approximately 0.37% of BJ’s Restaurants worth $2,947,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in BJ’s Restaurants during the second quarter valued at $272,000. Bessemer Group Inc. boosted its stake in BJ’s Restaurants by 2.5% during the second quarter. Bessemer Group Inc. now owns 83,109 shares of the restaurant operator’s stock valued at $3,652,000 after buying an additional 2,005 shares during the period. Kornitzer Capital Management Inc. KS purchased a new stake in BJ’s Restaurants during the second quarter valued at about $6,981,000. Balyasny Asset Management LLC raised its position in BJ’s Restaurants by 1,832.8% during the second quarter. Balyasny Asset Management LLC now owns 237,735 shares of the restaurant operator’s stock valued at $10,446,000 after purchasing an additional 225,435 shares in the last quarter. Finally, Comerica Bank raised its position in BJ’s Restaurants by 1.6% during the second quarter. Comerica Bank now owns 18,169 shares of the restaurant operator’s stock valued at $748,000 after purchasing an additional 293 shares in the last quarter.
Shares of BJRI traded up $1.17 during trading hours on Thursday, hitting $41.00. The company had a trading volume of 3,062 shares, compared to its average volume of 464,380. The firm has a market cap of $838.30 million, a P/E ratio of 16.95, a P/E/G ratio of 1.50 and a beta of 0.84. The stock’s 50 day moving average price is $37.57 and its 200 day moving average price is $41.03. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of 0.55. BJ’s Restaurants, Inc. has a 52-week low of $32.62 and a 52-week high of $67.43.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $278.74 million for the quarter, compared to the consensus estimate of $278.49 million. BJ’s Restaurants had a return on equity of 13.38% and a net margin of 3.60%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts expect that BJ’s Restaurants, Inc. will post 1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 11th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.12. BJ’s Restaurants’s payout ratio is currently 20.43%.
BJRI has been the topic of a number of research reports. Wells Fargo & Co lowered their price target on BJ’s Restaurants from $37.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Wedbush lowered their price target on BJ’s Restaurants from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer lowered their price target on 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. Stifel Nicolaus lowered their price target on BJ’s Restaurants from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, TheStreet downgraded BJ’s Restaurants from a “b-” rating to a “c+” rating in a research report on Thursday, October 10th. 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 company has a consensus rating of “Hold” and a consensus target price of $46.13.
In other BJ’s Restaurants news, CEO Greg Trojan bought 14,400 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $32.92 per share, with a total value of $474,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald W. Deitchle bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $33.81 per share, for a total transaction of $101,430.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.
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.
Further Reading: Why investors pay attention to retained earnings
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