Neuberger Berman Group LLC Has $19.76 Million Holdings in BJ's Restaurants, Inc. (BJRI)
Neuberger Berman Group LLC cut its holdings in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 648,989 shares of the restaurant operator’s stock after selling 33,972 shares during the quarter. Neuberger Berman Group LLC owned approximately 3.15% of BJ's Restaurants worth $19,762,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its position in BJ's Restaurants by 34.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock worth $4,934,000 after buying an additional 33,810 shares in the last quarter. State Street Corp raised its holdings in shares of BJ's Restaurants by 0.6% in the 2nd quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock valued at $19,485,000 after purchasing an additional 3,225 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of BJ's Restaurants in the 2nd quarter valued at about $417,000. Prudential Financial Inc. raised its holdings in shares of BJ's Restaurants by 93.1% in the 3rd quarter. Prudential Financial Inc. now owns 88,523 shares of the restaurant operator’s stock valued at $2,696,000 after purchasing an additional 42,690 shares during the period. Finally, Westpac Banking Corp bought a new stake in shares of BJ's Restaurants in the 2nd quarter valued at about $309,000. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Patrick Walsh sold 37,764 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total value of $1,192,964.76. Following the transaction, the director now owns 19,844 shares in the company, valued at approximately $626,871.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian S. Krakower sold 801 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $34.07, for a total transaction of $27,290.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of BJ's Restaurants from $29.00 to $27.00 and set an “underweight” rating on the stock in a report on Friday, October 27th. Zacks Investment Research cut shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Canaccord Genuity dropped their target price on shares of BJ's Restaurants from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Wells Fargo & Co dropped their target price on shares of BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $39.00 target price on shares of BJ's Restaurants in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $36.89.
BJ's Restaurants, Inc. (NASDAQ:BJRI) opened at $36.35 on Friday. BJ's Restaurants, Inc. has a 52 week low of $28.00 and a 52 week high of $47.55. The company has a market cap of $752.09, a PE ratio of 23.91, a P/E/G ratio of 1.72 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79.
BJ's Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.09). BJ's Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The company had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. equities analysts forecast that BJ's Restaurants, Inc. will post 1.39 earnings per share for the current year.
The business also recently declared a special dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a $0.11 dividend. The ex-dividend date was Friday, November 10th. BJ's Restaurants’s dividend payout ratio (DPR) is currently 7.24%.
BJ's Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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