Dimensional Fund Advisors LP Has $39.83 Million Stock Holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Dimensional Fund Advisors LP trimmed its position in BJ’s Restaurants, Inc. (NASDAQ:BJRIFree Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105,992 shares of the restaurant operator’s stock after selling 38,285 shares during the quarter. Dimensional Fund Advisors LP owned 4.77% of BJ’s Restaurants worth $39,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund bought a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at $341,000. Quantbot Technologies LP bought a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at $180,000. Great Lakes Advisors LLC lifted its position in shares of BJ’s Restaurants by 4.7% during the 3rd quarter. Great Lakes Advisors LLC now owns 116,835 shares of the restaurant operator’s stock valued at $2,741,000 after acquiring an additional 5,262 shares during the period. Amalgamated Bank lifted its position in shares of BJ’s Restaurants by 6.9% during the 3rd quarter. Amalgamated Bank now owns 10,511 shares of the restaurant operator’s stock valued at $247,000 after acquiring an additional 676 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of BJ’s Restaurants by 21.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 173,828 shares of the restaurant operator’s stock valued at $4,078,000 after acquiring an additional 30,693 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Alex Puchner sold 7,713 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the sale, the vice president now owns 12,222 shares of the company’s stock, valued at $467,491.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Alex Puchner sold 7,713 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the completion of the sale, the vice president now owns 12,222 shares of the company’s stock, valued at $467,491.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian S. Krakower sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total value of $56,896.00. Following the sale, the insider now directly owns 7,652 shares of the company’s stock, valued at approximately $272,105.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,313 shares of company stock valued at $8,950,178. Company insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BJRI. Benchmark upped their price objective on BJ’s Restaurants from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Stephens restated an “equal weight” rating and set a $35.00 price objective on shares of BJ’s Restaurants in a research report on Friday, February 16th. TheStreet upgraded BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Barclays upped their price objective on BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, May 3rd. Finally, Citigroup upped their price objective on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.30.

Check Out Our Latest Analysis on BJ’s Restaurants

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $35.16 on Friday. The company has a market capitalization of $822.04 million, a PE ratio of 35.16, a P/E/G ratio of 1.83 and a beta of 2.12. The stock has a 50-day moving average price of $34.18 and a two-hundred day moving average price of $33.90. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.15. BJ’s Restaurants, Inc. has a 12 month low of $21.64 and a 12 month high of $38.76.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.17. The company had revenue of $337.33 million during the quarter, compared to analysts’ expectations of $335.35 million. BJ’s Restaurants had a return on equity of 6.51% and a net margin of 1.80%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Analysts expect that BJ’s Restaurants, Inc. will post 1.36 EPS for the current year.

About BJ’s Restaurants

(Free Report)

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.

Featured Articles

Want to see what other hedge funds are holding BJRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ’s Restaurants, Inc. (NASDAQ:BJRIFree Report).

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

Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.