Dynamic Technology Lab Private Ltd lowered its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 25.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,366 shares of the restaurant operator’s stock after selling 2,831 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in BJ’s Restaurants were worth $255,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BJRI. Aperio Group LLC grew its position in BJ’s Restaurants by 0.7% during the 2nd quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 45 shares in the last quarter. Pacad Investment Ltd. grew its position in BJ’s Restaurants by 1.8% during the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in BJ’s Restaurants by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,086 shares of the restaurant operator’s stock worth $636,000 after purchasing an additional 208 shares in the last quarter. People s United Financial Inc. grew its position in BJ’s Restaurants by 2.1% during the 2nd quarter. People s United Financial Inc. now owns 12,014 shares of the restaurant operator’s stock worth $447,000 after purchasing an additional 246 shares in the last quarter. Finally, US Bancorp DE grew its position in BJ’s Restaurants by 1.2% during the 2nd quarter. US Bancorp DE now owns 21,794 shares of the restaurant operator’s stock worth $812,000 after purchasing an additional 262 shares in the last quarter. 92.12% of the stock is currently owned by institutional investors.

BJ’s Restaurants, Inc. (BJRI) opened at $37.20 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.56. BJ’s Restaurants, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $47.55. The company has a market cap of $768.59, a price-to-earnings ratio of 23.14, a PEG ratio of 1.76 and a beta of 0.97.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The company had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that BJ’s Restaurants, Inc. will post 1.39 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, November 10th. BJ’s Restaurants’s dividend payout ratio is currently 7.24%.

In other news, Director Patrick Walsh sold 120,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the transaction, the director now directly owns 19,844 shares in the company, valued at approximately $703,072.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gregory S. Lynds sold 3,621 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.48, for a total transaction of $110,368.08. Following the transaction, the vice president now owns 19,103 shares in the company, valued at $582,259.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on BJRI shares. Stifel Nicolaus started coverage on shares of BJ’s Restaurants in a research report on Monday, October 2nd. They set a “hold” rating and a $32.00 price objective on the stock. Robert W. Baird reiterated a “hold” rating and set a $36.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $42.00 price objective on shares of BJ’s Restaurants in a research report on Friday, October 6th. Jefferies Group reiterated a “hold” rating and set a $39.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Finally, Wells Fargo & Company lowered their price objective on shares of BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.89.

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BJ’s Restaurants Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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Institutional Ownership by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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