BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 27.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,978 shares of the restaurant operator’s stock after selling 1,527 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in BJ’s Restaurants were worth $138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in BJ’s Restaurants in the 2nd quarter valued at $40,000. EntryPoint Capital LLC purchased a new position in BJ’s Restaurants in the 1st quarter worth approximately $45,000. 1620 Investment Advisors Inc. purchased a new position in BJ’s Restaurants during the second quarter worth approximately $57,000. Headlands Technologies LLC boosted its position in shares of BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,328 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of BJ’s Restaurants in the second quarter valued at about $187,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Down 1.3 %

BJRI opened at $31.97 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $747.55 million, a P/E ratio of 31.97, a P/E/G ratio of 1.60 and a beta of 2.12. BJ’s Restaurants, Inc. has a 52 week low of $21.64 and a 52 week high of $38.87. The business has a fifty day simple moving average of $31.11 and a 200-day simple moving average of $33.47.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. BJ’s Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The company had revenue of $349.93 million during the quarter, compared to the consensus estimate of $349.18 million. During the same period in the previous year, the company posted $0.50 EPS. BJ’s Restaurants’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that BJ’s Restaurants, Inc. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BJRI. Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush reiterated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 29th. Finally, Barclays cut their target price on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $38.63.

Insider Buying and Selling

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $29.40 per share, with a total value of $73,500.00. Following the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at approximately $497,007. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by insiders.

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