Louisiana State Employees Retirement System Makes New Investment in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Louisiana State Employees Retirement System bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,200 shares of the restaurant operator’s stock, valued at approximately $267,000.

Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in BJ’s Restaurants in the first quarter worth approximately $30,000. KBC Group NV bought a new stake in BJ’s Restaurants in the second quarter worth approximately $43,000. Captrust Financial Advisors lifted its stake in shares of BJ’s Restaurants by 29.6% in the first quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurant operator’s stock worth $72,000 after buying an additional 579 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of BJ’s Restaurants by 17.2% in the second quarter. Mutual of America Capital Management LLC now owns 3,936 shares of the restaurant operator’s stock worth $85,000 after buying an additional 578 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of BJ’s Restaurants in the second quarter worth $102,000. 94.39% of the stock is owned by institutional investors.

Insider Buying and Selling at BJ’s Restaurants

In other news, VP Christopher P. Pinsak sold 3,212 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $31.92, for a total value of $102,527.04. Following the completion of the transaction, the vice president now owns 3,952 shares in the company, valued at $126,147.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

BJ’s Restaurants Stock Up 0.0 %

NASDAQ BJRI opened at $30.63 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $29.81 and its two-hundred day moving average is $26.90. The company has a market capitalization of $716.50 million, a price-to-earnings ratio of -153.14, a PEG ratio of 2.38 and a beta of 1.84. BJ’s Restaurants, Inc. has a 1-year low of $20.15 and a 1-year high of $35.59.

BJ’s Restaurants (NASDAQ:BJRIGet Rating) last released its quarterly earnings data on Thursday, October 20th. The restaurant operator reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.03. The company had revenue of $311.35 million for the quarter, compared to the consensus estimate of $304.02 million. BJ’s Restaurants had a negative return on equity of 1.91% and a negative net margin of 0.37%. Equities analysts forecast that BJ’s Restaurants, Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BJRI shares. Citigroup boosted their price objective on shares of BJ’s Restaurants to $30.00 in a research note on Thursday, October 27th. Barclays boosted their price objective on shares of BJ’s Restaurants from $18.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, January 5th. CL King started coverage on BJ’s Restaurants in a research report on Tuesday, December 20th. They set a “buy” rating and a $36.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on BJ’s Restaurants from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 24th. Finally, Benchmark lifted their target price on BJ’s Restaurants to $35.00 in a research report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.25.

About BJ’s Restaurants

(Get Rating)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

Further Reading

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:BJRIGet Rating).

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.