BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,926 shares of the restaurant operator’s stock after selling 1,411 shares during the period. Texas Permanent School Fund Corp owned 0.08% of BJ’s Restaurants worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in BJ’s Restaurants in the second quarter valued at $187,000. Rothschild Investment LLC bought a new stake in BJ’s Restaurants in the 2nd quarter valued at about $3,250,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BJ’s Restaurants by 2.0% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after purchasing an additional 5,976 shares during the period. Panagora Asset Management Inc. grew its position in BJ’s Restaurants by 6.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock worth $4,949,000 after purchasing an additional 8,323 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of BJ’s Restaurants by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock valued at $409,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

NASDAQ:BJRI opened at $32.83 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $31.56 and its 200 day moving average price is $33.64. BJ’s Restaurants, Inc. has a 52-week low of $21.64 and a 52-week high of $38.87. The firm has a market cap of $767.66 million, a P/E ratio of 32.83, a PEG ratio of 1.44 and a beta of 2.12.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $349.93 million for the quarter, compared to the consensus estimate of $349.18 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. As a group, sell-side analysts predict that BJ’s Restaurants, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays lowered their target price on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Benchmark cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $38.63.

Insider Transactions at BJ’s Restaurants

In related news, CEO C Bradford Richmond bought 2,500 shares of BJ’s Restaurants stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

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.