Victory Capital Management Inc. increased its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 17.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,391 shares of the restaurant operator’s stock after acquiring an additional 657 shares during the period. Victory Capital Management Inc.’s holdings in BJ’s Restaurants were worth $164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new stake in BJ’s Restaurants during the second quarter worth about $8,188,000. Ballentine Partners LLC bought a new stake in BJ’s Restaurants during the second quarter worth about $10,703,000. BNP Paribas Arbitrage SA raised its holdings in BJ’s Restaurants by 54.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,124 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 3,225 shares in the last quarter. Legal & General Group Plc raised its holdings in BJ’s Restaurants by 8.1% during the second quarter. Legal & General Group Plc now owns 35,778 shares of the restaurant operator’s stock worth $1,333,000 after acquiring an additional 2,687 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in BJ’s Restaurants by 20.8% during the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after acquiring an additional 877 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

BJRI has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a report on Friday, September 1st. BidaskClub lowered BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Canaccord Genuity upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, July 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 target price (down previously from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. BJ’s Restaurants presently has an average rating of “Hold” and an average target price of $39.40.

Shares of BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at 29.90 on Monday. BJ’s Restaurants, Inc. has a 1-year low of $28.00 and a 1-year high of $47.55. The firm has a 50-day moving average price of $31.25 and a 200 day moving average price of $38.02. The company has a market cap of $641.24 million, a price-to-earnings ratio of 17.62 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.49 EPS 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 firm had revenue of $265.80 million for the quarter, compared to the consensus estimate of $269.48 million. During the same period in the prior year, the business earned $0.56 EPS. BJ’s Restaurants’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that BJ’s Restaurants, Inc. will post $1.62 EPS for the current fiscal year.

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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.

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

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