Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,833 shares of the restaurant operator’s stock after selling 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.12% of BJ’s Restaurants worth $925,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised its stake in BJ’s Restaurants by 132,808.6% during the 1st quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock valued at $101,752,000 after acquiring an additional 2,516,723 shares in the last quarter. Vanguard Group Inc. raised its stake in BJ’s Restaurants by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,751,097 shares of the restaurant operator’s stock valued at $70,744,000 after acquiring an additional 46,308 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in BJ’s Restaurants by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 977,686 shares of the restaurant operator’s stock valued at $39,498,000 after acquiring an additional 32,798 shares in the last quarter. Neuberger Berman Group LLC raised its stake in BJ’s Restaurants by 4.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock valued at $25,440,000 after acquiring an additional 29,949 shares in the last quarter. Finally, Morgan Stanley raised its stake in BJ’s Restaurants by 13.3% during the 1st quarter. Morgan Stanley now owns 526,480 shares of the restaurant operator’s stock valued at $21,271,000 after acquiring an additional 61,785 shares in the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of BJ’s Restaurants, Inc. (BJRI) opened at 29.80 on Thursday. The stock has a 50 day moving average price of $31.25 and a 200-day moving average price of $38.02. BJ’s Restaurants, Inc. has a 1-year low of $28.00 and a 1-year high of $47.55. The company has a market cap of $639.09 million, a P/E ratio of 17.56 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $265.80 million during the quarter, compared to the consensus estimate of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. Analysts predict that BJ’s Restaurants, Inc. will post $1.62 earnings per share for the current fiscal year.

Several analysts have weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 target price on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Zacks Investment Research downgraded BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $41.00 target price (down previously from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.40.

BJ’s Restaurants Company 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.

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

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