New York State Teachers Retirement System Purchases 4,440 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

New York State Teachers Retirement System increased its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 15.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,097 shares of the restaurant operator’s stock after acquiring an additional 4,440 shares during the period. New York State Teachers Retirement System’s holdings in BJ’s Restaurants were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in BJ’s Restaurants by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after buying an additional 114,008 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings 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 buying an additional 5,976 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in BJ’s Restaurants by 6.2% during the second quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock valued at $4,949,000 after buying an additional 8,323 shares during the last quarter. Rothschild Investment LLC purchased a new position in BJ’s Restaurants in the second quarter worth about $3,250,000. Finally, Armistice Capital LLC bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth about $2,602,000. 99.95% of the stock is currently owned by institutional investors.

BJ’s Restaurants Price Performance

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

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) EPS. On average, equities analysts predict that BJ’s Restaurants, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond bought 2,500 shares of BJ’s Restaurants stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the acquisition, the chief executive officer now directly owns 16,905 shares in the company, valued at $497,007. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BJRI shares. Barclays decreased their price target 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 reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Piper Sandler lifted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.57.

BJ’s Restaurants Company 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.