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

Texas Permanent School Fund Corp reduced its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 6.9% in the 2nd quarter, Holdings Channel reports. 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’s holdings in BJ’s Restaurants were worth $657,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC lifted its position in shares of BJ’s Restaurants by 298.7% in the fourth quarter. Verition Fund Management LLC now owns 141,556 shares of the restaurant operator’s stock worth $5,097,000 after purchasing an additional 106,054 shares in the last quarter. Rothschild Investment LLC purchased a new stake in BJ’s Restaurants in the 2nd quarter worth approximately $3,250,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BJ’s Restaurants by 21.0% during the 1st 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 buying an additional 51,364 shares during the period. GSA Capital Partners LLP grew its holdings in shares of BJ’s Restaurants by 40.8% during the 4th quarter. GSA Capital Partners LLP now owns 92,176 shares of the restaurant operator’s stock valued at $3,319,000 after acquiring an additional 26,722 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in shares of BJ’s Restaurants during the 1st quarter valued at $814,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

BJ’s Restaurants Price Performance

Shares of NASDAQ:BJRI opened at $32.83 on Friday. The stock has a market capitalization of $767.66 million, a P/E ratio of 32.83, a P/E/G ratio of 1.44 and a beta of 2.12. The business has a 50-day moving average of $31.56 and a two-hundred day moving average of $33.64. BJ’s Restaurants, Inc. has a fifty-two week low of $21.64 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27.

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

Insider Transactions at BJ’s Restaurants

In other news, CEO C Bradford Richmond bought 2,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the purchase, the chief executive officer now owns 16,905 shares of the company’s stock, valued at approximately $497,007. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is owned by corporate insiders.

About BJ’s Restaurants

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.