BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 15.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 34,097 shares of the restaurant operator’s stock after purchasing an additional 4,440 shares during the period. New York State Teachers Retirement System owned about 0.15% of BJ’s Restaurants worth $1,110,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of BJ’s Restaurants by 10.3% in the first quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator’s stock worth $554,000 after acquiring an additional 1,432 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of BJ’s Restaurants by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock valued at $736,000 after purchasing an additional 390 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in BJ’s Restaurants by 21.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock valued at $10,716,000 after acquiring an additional 51,364 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of BJ’s Restaurants by 61.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator’s stock worth $380,000 after buying an additional 4,000 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of BJ’s Restaurants by 12.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 2,286 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Trading Down 0.5 %

BJ’s Restaurants stock opened at $35.53 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.35. The stock has a market capitalization of $810.79 million, a P/E ratio of 28.42, a PEG ratio of 2.02 and a beta of 2.10. BJ’s Restaurants, Inc. has a 52 week low of $26.25 and a 52 week high of $38.87. The stock has a 50-day simple moving average of $33.23 and a 200 day simple moving average of $33.56.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The firm had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) earnings per share. Analysts expect that BJ’s Restaurants, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wedbush restated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, November 1st. Benchmark cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Barclays lowered their target price on 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. Finally, Piper Sandler lifted 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.57.

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.