Russell Investments Group Ltd. Has $16.62 Million Holdings in BJ’s Restaurants, Inc. (BJRI)

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Russell Investments Group Ltd. boosted its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 35.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,714 shares of the restaurant operator’s stock after buying an additional 60,109 shares during the quarter. Russell Investments Group Ltd. owned about 1.10% of BJ’s Restaurants worth $16,618,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its stake in BJ’s Restaurants by 2,750.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 142,128 shares of the restaurant operator’s stock valued at $10,262,000 after acquiring an additional 137,141 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in BJ’s Restaurants in the third quarter valued at approximately $231,000. Texas Permanent School Fund boosted its stake in BJ’s Restaurants by 13.3% in the third quarter. Texas Permanent School Fund now owns 13,225 shares of the restaurant operator’s stock valued at $955,000 after acquiring an additional 1,555 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in BJ’s Restaurants by 14.8% in the third quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the restaurant operator’s stock valued at $671,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in BJ’s Restaurants in the third quarter valued at approximately $26,635,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

BJRI has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of BJ’s Restaurants from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Zacks Investment Research raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, July 17th. Barclays lifted their price target on shares of BJ’s Restaurants from $47.00 to $49.00 and gave the stock a “$63.80” rating in a research report on Wednesday, July 18th. Stephens reissued a “buy” rating and set a $70.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 20th. Finally, BidaskClub cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $66.75.

In related news, CEO Greg Trojan sold 67,401 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $74.89, for a total value of $5,047,660.89. Following the sale, the chief executive officer now directly owns 64,783 shares of the company’s stock, valued at approximately $4,851,598.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick Walsh sold 12,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $63.33, for a total transaction of $759,960.00. Following the completion of the sale, the director now directly owns 18,603 shares in the company, valued at $1,178,127.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,210 shares of company stock worth $21,785,835. Insiders own 6.80% of the company’s stock.

Shares of NASDAQ BJRI opened at $65.96 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 46.78, a PEG ratio of 1.85 and a beta of 1.04. BJ’s Restaurants, Inc. has a twelve month low of $30.45 and a twelve month high of $76.50. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.16. The company had revenue of $270.27 million for the quarter, compared to analysts’ expectations of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 16.70%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. As a group, equities analysts anticipate that BJ’s Restaurants, Inc. will post 2.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from BJ’s Restaurants’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, November 8th. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 31.21%.

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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. As of September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Institutional Ownership by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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