BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 51,460 shares of the restaurant operator’s stock after purchasing an additional 3,232 shares during the quarter. Public Sector Pension Investment Board’s holdings in BJ’s Restaurants were worth $1,786,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by company insiders.

BJ’s Restaurants Price Performance

Shares of NASDAQ:BJRI opened at $32.56 on Tuesday. BJ’s Restaurants, Inc. has a 12 month low of $21.64 and a 12 month high of $38.87. The stock has a market cap of $761.35 million, a price-to-earnings ratio of 32.56, a PEG ratio of 1.60 and a beta of 2.12. The stock’s 50 day moving average price is $31.11 and its 200 day moving average price is $33.45. 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 quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. The firm had revenue of $349.93 million for the quarter, compared to analyst estimates of $349.18 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities research analysts anticipate that BJ’s Restaurants, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.