BNP Paribas Arbitrage SA Has $411,000 Holdings in BJ’s Restaurants, Inc. (BJRI)
BNP Paribas Arbitrage SA raised its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 47.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,493 shares of the restaurant operator’s stock after buying an additional 4,369 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of BJ’s Restaurants worth $411,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in BJRI. UBS Oconnor LLC grew its holdings in BJ’s Restaurants by 1,090.8% during the 2nd quarter. UBS Oconnor LLC now owns 330,679 shares of the restaurant operator’s stock valued at $12,318,000 after buying an additional 302,910 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $10,703,000. Marshall Wace North America L.P. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $8,188,000. BlueCrest Capital Management Ltd boosted its holdings in shares of BJ’s Restaurants by 1,258.4% during the second quarter. BlueCrest Capital Management Ltd now owns 162,623 shares of the restaurant operator’s stock worth $6,058,000 after purchasing an additional 150,651 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $2,774,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.
In related news, VP Lon Ledwith sold 4,707 shares of BJ’s Restaurants stock in a transaction on Monday, November 13th. The stock was sold at an average price of $31.80, for a total value of $149,682.60. Following the transaction, the vice president now owns 11,867 shares in the company, valued at $377,370.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory S. Lynds sold 3,621 shares of BJ’s Restaurants stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.48, for a total value of $110,368.08. Following the completion of the transaction, the vice president now owns 19,103 shares in the company, valued at approximately $582,259.44. The disclosure for this sale can be found here. Insiders sold 184,102 shares of company stock worth $6,287,084 in the last quarter. 6.80% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on BJRI shares. Jefferies Group restated a “hold” rating and set a $39.00 price objective on shares of BJ’s Restaurants in a report on Thursday, August 31st. Robert W. Baird restated a “hold” rating and set a $36.00 price objective on shares of BJ’s Restaurants in a report on Friday, September 1st. Stifel Nicolaus started coverage on BJ’s Restaurants in a report on Monday, October 2nd. They set a “hold” rating and a $32.00 price objective on the stock. Canaccord Genuity restated a “buy” rating and set a $42.00 price objective on shares of BJ’s Restaurants in a report on Friday, October 6th. Finally, Wells Fargo & Company decreased their price objective on 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.89.
BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at $36.75 on Monday. BJ’s Restaurants, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $47.55. The firm has a market capitalization of $758.26, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.74 and a beta of 0.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46.
BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share 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 firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. During the same quarter in the previous year, the business posted $0.30 EPS. BJ’s Restaurants’s revenue was up 5.7% compared to the same quarter last year. equities analysts forecast that BJ’s Restaurants, Inc. will post 1.39 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 10th. BJ’s Restaurants’s payout ratio is currently 7.24%.
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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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