Victory Capital Management Inc. boosted its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 578.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,220 shares of the restaurant operator’s stock after acquiring an additional 31,736 shares during the quarter. Victory Capital Management Inc. owned 0.19% of BJ’s Restaurants worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in BJ’s Restaurants in the third quarter valued at about $80,000. Quantum Capital Management purchased a new position in BJ’s Restaurants in the third quarter valued at about $82,000. Aigen Investment Management LP purchased a new position in BJ’s Restaurants in the fourth quarter valued at about $268,000. SG Americas Securities LLC purchased a new position in BJ’s Restaurants in the third quarter valued at about $321,000. Finally, Virginia Retirement Systems ET AL purchased a new position in BJ’s Restaurants in the third quarter valued at about $373,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.
Several research firms have commented on BJRI. Morgan Stanley cut their price objective on BJ’s Restaurants from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday. TheStreet raised BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Thursday, February 20th. BidaskClub raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Co raised their price objective on BJ’s Restaurants from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Finally, Wedbush reissued a “buy” rating and issued a $46.00 price objective on shares of BJ’s Restaurants in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $44.31.
Shares of NASDAQ BJRI traded up $0.92 during midday trading on Friday, reaching $32.91. 32,216 shares of the company’s stock were exchanged, compared to its average volume of 401,349. BJ’s Restaurants, Inc. has a 52-week low of $31.53 and a 52-week high of $53.00. The stock has a market capitalization of $674.26 million, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.04. The business’s fifty day moving average price is $40.07 and its two-hundred day moving average price is $38.46.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, March 9th. BJ’s Restaurants’s payout ratio is 25.00%.
BJ’s Restaurants 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.
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