OppenheimerFunds Inc. boosted its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1,796.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 276,883 shares of the restaurant operator’s stock after purchasing an additional 262,281 shares during the quarter. OppenheimerFunds Inc. owned about 1.32% of BJ’s Restaurants worth $16,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Martingale Asset Management L P raised its stake in BJ’s Restaurants by 2.1% in the 2nd quarter. Martingale Asset Management L P now owns 38,614 shares of the restaurant operator’s stock valued at $2,317,000 after purchasing an additional 802 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of BJ’s Restaurants by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 6,868 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 942 shares during the last quarter. Swiss National Bank increased its stake in shares of BJ’s Restaurants by 3.3% during the 1st quarter. Swiss National Bank now owns 31,600 shares of the restaurant operator’s stock valued at $1,419,000 after acquiring an additional 1,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of BJ’s Restaurants by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,970 shares of the restaurant operator’s stock valued at $658,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Brinker Capital Inc. increased its stake in shares of BJ’s Restaurants by 13.2% during the 1st quarter. Brinker Capital Inc. now owns 12,920 shares of the restaurant operator’s stock valued at $580,000 after acquiring an additional 1,504 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

NASDAQ BJRI opened at $72.00 on Tuesday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 2.29 and a beta of 0.73. BJ’s Restaurants, Inc. has a fifty-two week low of $28.85 and a fifty-two week high of $76.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.15. The firm had revenue of $287.63 million during the quarter, compared to analysts’ expectations of $283.22 million. BJ’s Restaurants had a return on equity of 15.76% and a net margin of 5.35%. BJ’s Restaurants’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. sell-side analysts forecast that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 13th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, August 10th. BJ’s Restaurants’s dividend payout ratio is presently 31.21%.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 28th. Maxim Group assumed coverage on BJ’s Restaurants in a report on Wednesday, August 22nd. They set a “buy” rating and a $81.00 target price for the company. ValuEngine upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 28th. Finally, Wedbush boosted their target price on BJ’s Restaurants from $66.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.58.

In other BJ’s Restaurants news, VP Lon Ledwith sold 11,211 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.44, for a total value of $845,757.84. Following the transaction, the vice president now directly owns 10,913 shares of the company’s stock, valued at approximately $823,276.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kendra D. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now directly owns 10,733 shares in the company, valued at $686,912. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,614 shares of company stock valued at $21,777,152. 6.80% of the stock is owned by company insiders.

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. As of September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Further Reading: Price to Earnings Ratio (PE)

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

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