DekaBank Deutsche Girozentrale Purchases Shares of 8,022 BJ’s Restaurants, Inc. (NASDAQ:BJRI)

DekaBank Deutsche Girozentrale purchased a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 1st quarter, Holdings Channel reports. The fund purchased 8,022 shares of the restaurant operator’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of BJ’s Restaurants in the 1st quarter worth about $34,000. Somerset Trust Co raised its position in shares of BJ’s Restaurants by 133.1% in the 1st quarter. Somerset Trust Co now owns 795 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 454 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BJ’s Restaurants by 29.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 357 shares during the last quarter. Pearl River Capital LLC purchased a new position in shares of BJ’s Restaurants in the 1st quarter worth about $130,000. Finally, LS Investment Advisors LLC raised its position in shares of BJ’s Restaurants by 386.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,185 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 2,530 shares during the last quarter.

Shares of NASDAQ:BJRI opened at $40.91 on Thursday. BJ’s Restaurants, Inc. has a fifty-two week low of $40.64 and a fifty-two week high of $76.50. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $858.81 million, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.



BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. BJ’s Restaurants had a return on equity of 15.86% and a net margin of 4.34%. The business had revenue of $290.55 million during the quarter, compared to analyst estimates of $289.49 million. During the same quarter in the previous year, the firm earned $0.70 EPS. BJ’s Restaurants’s revenue was up 4.3% on a year-over-year basis. Sell-side analysts forecast that BJ’s Restaurants, Inc. will post 2.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is 20.43%.

BJRI has been the subject of several recent analyst reports. BidaskClub raised BJ’s Restaurants from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Maxim Group reaffirmed a “buy” rating and issued a $72.00 price target on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. ValuEngine lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Stephens lowered their price target on BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating for the company in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. BJ’s Restaurants has an average rating of “Hold” and an average price target of $63.70.

TRADEMARK VIOLATION WARNING: This news story was reported by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://dakotafinancialnews.com/2019/06/13/dekabank-deutsche-girozentrale-purchases-shares-of-8022-bjs-restaurants-inc-nasdaqbjri.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.

Recommended Story: Investing in Dividend Stocks

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.