Trexquant Investment LP acquired a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,974 shares of the restaurant operator’s stock, valued at approximately $930,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in BJ’s Restaurants by 132,808.6% in the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after buying an additional 2,516,723 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of BJ’s Restaurants by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,751,097 shares of the restaurant operator’s stock worth $70,744,000 after buying an additional 46,308 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BJ’s Restaurants by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 977,686 shares of the restaurant operator’s stock worth $39,498,000 after buying an additional 32,798 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of BJ’s Restaurants by 2.9% in the first quarter. Neuberger Berman Group LLC now owns 653,012 shares of the restaurant operator’s stock worth $26,382,000 after buying an additional 18,263 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of BJ’s Restaurants by 13.3% in the first quarter. Morgan Stanley now owns 526,480 shares of the restaurant operator’s stock worth $21,271,000 after buying an additional 61,785 shares in the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

BJ’s Restaurants, Inc. (BJRI) opened at 33.00 on Thursday. The company has a 50 day moving average of $35.41 and a 200-day moving average of $39.11. The stock has a market cap of $711.41 million, a P/E ratio of 19.45 and a beta of 1.08. BJ’s Restaurants, Inc. has a 12-month low of $30.40 and a 12-month high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.02. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The business had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. During the same quarter last year, the company posted $0.56 EPS. BJ’s Restaurants’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that BJ’s Restaurants, Inc. will post $1.63 earnings per share for the current year.

BJ’s Restaurants declared that its Board of Directors has authorized a stock buyback program on Thursday, April 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

WARNING: “Trexquant Investment LP Acquires Shares of 24,974 BJ’s Restaurants, Inc. (NASDAQ:BJRI)” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/08/10/trexquant-investment-lp-acquires-shares-of-24974-bjs-restaurants-inc-nasdaqbjri.html.

A number of brokerages have recently commented on BJRI. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $42.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $41.00 price target (down from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Barclays PLC reduced their price target on shares of BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. BJ’s Restaurants has an average rating of “Hold” and an average price target of $39.33.

In related news, VP Kevin E. Mayer sold 4,468 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.46, for a total value of $203,115.28. Following the transaction, the vice president now owns 5,817 shares in the company, valued at approximately $264,440.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alex Puchner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $44.75, for a total transaction of $179,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,914 shares of company stock worth $723,150. 6.80% of the stock is owned by corporate insiders.

About BJ’s Restaurants

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.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.