State of Alaska Department of Revenue Sells 383 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

State of Alaska Department of Revenue lessened its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,300 shares of the restaurant operator’s stock after selling 383 shares during the quarter. State of Alaska Department of Revenue’s holdings in BJ’s Restaurants were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BJRI. State of Wyoming acquired a new position in BJ’s Restaurants during the second quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new position in BJ’s Restaurants during the 1st quarter worth approximately $30,000. Lazard Asset Management LLC bought a new position in BJ’s Restaurants in the 2nd quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new stake in BJ’s Restaurants in the third quarter valued at approximately $42,000. Finally, Captrust Financial Advisors grew its stake in shares of BJ’s Restaurants by 29.6% during 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. Institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BJRI shares. Oppenheimer upped their target price on BJ’s Restaurants from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Barclays increased their price target on BJ’s Restaurants from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, January 3rd. Citigroup raised their price objective on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of BJ’s Restaurants in a report on Friday, February 16th. Finally, TheStreet raised shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.30.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $32.78 on Friday. The stock’s 50 day moving average price is $35.30 and its two-hundred day moving average price is $31.65. The stock has a market capitalization of $767.05 million, a price-to-earnings ratio of 39.49, a PEG ratio of 1.97 and a beta of 2.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.35 and a current ratio of 0.42. BJ’s Restaurants, Inc. has a 52-week low of $21.64 and a 52-week high of $38.76.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $323.64 million during the quarter, compared to analysts’ expectations of $331.03 million. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. On average, equities analysts predict that BJ’s Restaurants, Inc. will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Alex Puchner sold 7,713 shares of BJ’s Restaurants stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $38.25, for a total transaction of $295,022.25. Following the completion of the transaction, the vice president now directly owns 12,222 shares in the company, valued at $467,491.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of BJ’s Restaurants stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the transaction, the insider now owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alex Puchner sold 7,713 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the sale, the vice president now directly owns 12,222 shares of the company’s stock, valued at $467,491.50. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.