State Street Corp Has $27.70 Million Stake in BJ's Restaurants, Inc. (NASDAQ:BJRI)

State Street Corp cut its holdings in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,777 shares of the restaurant operator's stock after selling 20,640 shares during the quarter. State Street Corp owned approximately 3.73% of BJ's Restaurants worth $27,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of BJ's Restaurants by 764.9% during the third quarter. Quarry LP now owns 813 shares of the restaurant operator's stock worth $26,000 after buying an additional 719 shares in the last quarter. Meeder Asset Management Inc. bought a new position in BJ's Restaurants in the second quarter valued at about $40,000. US Bancorp DE boosted its stake in shares of BJ's Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 906 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of BJ's Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator's stock worth $65,000 after purchasing an additional 1,328 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of BJ's Restaurants in the second quarter valued at approximately $187,000. Institutional investors own 99.95% of the company's stock.

Insider Transactions at BJ's Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the transaction, the insider now owns 5,339 shares in the company, valued at approximately $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of BJ's Restaurants from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Wedbush reissued an "outperform" rating and issued a $43.00 price objective on shares of BJ's Restaurants in a research note on Friday, November 1st. Finally, Barclays cut their target price on BJ's Restaurants from $35.00 to $32.00 and set an "underweight" rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, BJ's Restaurants has an average rating of "Hold" and an average target price of $38.57.

BJ's Restaurants Trading Up 0.3 %

BJ's Restaurants stock traded up $0.10 during trading hours on Monday, reaching $34.85. 252,661 shares of the company's stock were exchanged, compared to its average volume of 374,350. The firm's 50 day simple moving average is $35.95 and its 200 day simple moving average is $33.91. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $795.17 million, a PE ratio of 27.88, a PEG ratio of 2.06 and a beta of 2.08.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ's Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) EPS. Research analysts predict that BJ's Restaurants, Inc. will post 1.26 earnings per share for the current year.

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 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.