State of Alaska Department of Revenue Sells 515 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

State of Alaska Department of Revenue lowered its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,214 shares of the restaurant operator’s stock after selling 515 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of BJ’s Restaurants worth $430,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of BJ’s Restaurants during the 2nd quarter worth $40,000. EntryPoint Capital LLC bought a new position in shares of BJ’s Restaurants in the first quarter worth about $45,000. 1620 Investment Advisors Inc. bought a new position in shares of BJ’s Restaurants in the second quarter worth about $57,000. Headlands Technologies LLC boosted its stake in shares of BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at approximately $187,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BJRI. Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Piper Sandler increased their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.57.

Insider Transactions at BJ’s Restaurants

In related news, CEO C Bradford Richmond bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at $497,007. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $35.53 on Friday. The firm has a market cap of $810.69 million, a P/E ratio of 28.42, a P/E/G ratio of 1.84 and a beta of 2.10. The stock’s 50 day moving average is $33.23 and its 200 day moving average is $33.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.27. BJ’s Restaurants, Inc. has a one year low of $26.25 and a one year high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) earnings per share. As a group, research analysts expect that BJ’s Restaurants, Inc. will post 1.3 EPS for the current year.

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