New York State Teachers Retirement System Purchases 2,268 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

New York State Teachers Retirement System boosted its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,324 shares of the restaurant operator’s stock after acquiring an additional 2,268 shares during the quarter. New York State Teachers Retirement System’s holdings in BJ’s Restaurants were worth $677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in BJ’s Restaurants by 39.2% during the first quarter. BNP Paribas Arbitrage SA now owns 7,995 shares of the restaurant operator’s stock worth $111,000 after acquiring an additional 2,251 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in BJ’s Restaurants during the first quarter worth $204,000. Thrivent Financial for Lutherans raised its position in BJ’s Restaurants by 5.2% during the first quarter. Thrivent Financial for Lutherans now owns 16,060 shares of the restaurant operator’s stock worth $223,000 after acquiring an additional 801 shares in the last quarter. Texas Permanent School Fund raised its position in BJ’s Restaurants by 24.1% during the first quarter. Texas Permanent School Fund now owns 16,268 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 3,160 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in BJ’s Restaurants by 17.2% during the first quarter. State of Alaska Department of Revenue now owns 16,963 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 2,495 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on BJRI shares. Morgan Stanley increased their price objective on shares of BJ’s Restaurants from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Loop Capital lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating and dropped their price objective for the company from $30.00 to $21.00 in a research report on Thursday, July 16th. ValuEngine raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Wedbush increased their price objective on shares of BJ’s Restaurants from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Stephens increased their price objective on shares of BJ’s Restaurants from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.65.

BJRI stock opened at $20.06 on Friday. The company has a market capitalization of $446.54 million, a PE ratio of -29.94 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.74 and a current ratio of 0.81. BJ’s Restaurants, Inc. has a 52 week low of $6.01 and a 52 week high of $44.47. The company’s 50-day simple moving average is $19.94 and its 200 day simple moving average is $24.50.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, July 23rd. The restaurant operator reported ($0.99) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.81) by $0.82. The firm had revenue of $128.02 million for the quarter, compared to the consensus estimate of $126.38 million. BJ’s Restaurants had a negative net margin of 1.58% and a negative return on equity of 2.98%. On average, analysts forecast that BJ’s Restaurants, Inc. will post -1.88 EPS for the current year.

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 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.

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

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