Wells Fargo & Company MN raised its position in BJ's Restaurants, Inc. (NASDAQ:BJRI) by 13.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,090 shares of the restaurant operator’s stock after purchasing an additional 7,610 shares during the period. Wells Fargo & Company MN’s holdings in BJ's Restaurants were worth $2,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of BJ's Restaurants by 34.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock valued at $4,934,000 after purchasing an additional 33,810 shares during the period. State Street Corp raised its stake in shares of BJ's Restaurants by 0.6% in the 2nd quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock valued at $19,485,000 after purchasing an additional 3,225 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BJ's Restaurants in the 2nd quarter valued at about $417,000. Prudential Financial Inc. raised its stake in shares of BJ's Restaurants by 93.1% in the 3rd quarter. Prudential Financial Inc. now owns 88,523 shares of the restaurant operator’s stock valued at $2,696,000 after purchasing an additional 42,690 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of BJ's Restaurants by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 140,706 shares of the restaurant operator’s stock valued at $4,284,000 after purchasing an additional 4,609 shares during the period. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

BJRI has been the topic of several recent research reports. Zacks Investment Research downgraded BJ's Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Canaccord Genuity dropped their price target on BJ's Restaurants from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Barclays dropped their price target on BJ's Restaurants from $29.00 to $27.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $36.00 price target on shares of BJ's Restaurants in a research note on Thursday, October 12th. Finally, Stifel Nicolaus initiated coverage on BJ's Restaurants in a research note on Monday, October 2nd. They issued a “hold” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.33.

Shares of BJ's Restaurants, Inc. (NASDAQ BJRI) opened at $36.25 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $777.88, a PE ratio of 23.85, a P/E/G ratio of 1.49 and a beta of 0.96. BJ's Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $47.55.

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

In related news, Director Patrick Walsh sold 120,000 shares of BJ's Restaurants stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $35.43, for a total value of $4,251,600.00. Following the sale, the director now owns 19,844 shares of the company’s stock, valued at $703,072.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lon Ledwith sold 4,707 shares of BJ's Restaurants stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $31.80, for a total value of $149,682.60. Following the completion of the sale, the vice president now directly owns 11,867 shares in the company, valued at approximately $377,370.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is owned by company insiders.

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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.

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

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