Neuberger Berman Group LLC increased its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 67.5% in the first quarter, HoldingsChannel.com reports. The fund owned 717,915 shares of the restaurant operator’s stock after purchasing an additional 289,372 shares during the quarter. Neuberger Berman Group LLC’s holdings in BJ’s Restaurants were worth $33,943,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of BJ’s Restaurants by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,268 shares of the restaurant operator’s stock valued at $266,000 after buying an additional 205 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of BJ’s Restaurants by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,737 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 215 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of BJ’s Restaurants by 4.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 5,056 shares of the restaurant operator’s stock valued at $256,000 after buying an additional 220 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BJ’s Restaurants by 29.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 357 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of BJ’s Restaurants by 2.7% during the first quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock valued at $677,000 after buying an additional 379 shares during the last quarter.

BJRI has been the subject of several analyst reports. BidaskClub raised shares of BJ’s Restaurants from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Maxim Group reissued a “buy” rating and set a $72.00 price target on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. ValuEngine lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Oppenheimer raised shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. BJ’s Restaurants has an average rating of “Hold” and a consensus target price of $62.64.

Shares of BJ’s Restaurants stock opened at $41.44 on Friday. The company has a market capitalization of $848.24 million, a P/E ratio of 17.63, a P/E/G ratio of 1.26 and a beta of 0.92. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. BJ’s Restaurants, Inc. has a 52 week low of $40.64 and a 52 week high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The firm had revenue of $290.55 million during the quarter, compared to analyst estimates of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. BJ’s Restaurants’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. Analysts expect that BJ’s Restaurants, Inc. will post 2.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, May 10th. BJ’s Restaurants’s payout ratio is currently 20.43%.

ILLEGAL ACTIVITY NOTICE: “Neuberger Berman Group LLC Grows Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/neuberger-berman-group-llc-grows-position-in-bjs-restaurants-inc-nasdaqbjri/3041513.html.

BJ’s Restaurants Company Profile

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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

Featured Article: What is the Book Value of a Share?

Want to see what other hedge funds are holding BJRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ’s Restaurants, Inc. (NASDAQ:BJRI).

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

Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.