State Street Corp increased its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 519,862 shares of the restaurant operator’s stock after buying an additional 38,722 shares during the period. State Street Corp’s holdings in BJ’s Restaurants were worth $21,000,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in BJ’s Restaurants by 265.8% in the first quarter. Sei Investments Co. now owns 6,006 shares of the restaurant operator’s stock worth $243,000 after buying an additional 4,364 shares during the last quarter. Karp Capital Management Corp bought a new stake in BJ’s Restaurants during the first quarter worth about $265,000. Bank of New York Mellon Corp increased its stake in BJ’s Restaurants by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock worth $11,181,000 after buying an additional 1,982 shares during the last quarter. First Trust Advisors LP bought a new stake in BJ’s Restaurants during the first quarter worth about $1,590,000. Finally, Great West Life Assurance Co. Can increased its stake in BJ’s Restaurants by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 27,137 shares of the restaurant operator’s stock worth $1,095,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

BJ’s Restaurants, Inc. (BJRI) remained flat at $33.10 during midday trading on Monday. The company had a trading volume of 34,571 shares. The stock has a market capitalization of $709.86 million, a PE ratio of 19.51 and a beta of 1.08. The company has a 50 day moving average price of $35.17 and a 200-day moving average price of $39.05. BJ’s Restaurants, Inc. has a one year low of $30.40 and a one year high of $47.55.

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

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

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A number of equities research analysts recently issued reports on the stock. Wedbush restated a “hold” rating and issued a $45.00 target price on shares of BJ’s Restaurants in a report on Thursday, May 25th. Canaccord Genuity reiterated a “hold” rating and set a $45.00 price objective on shares of BJ’s Restaurants in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, April 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. 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 stock. BJ’s Restaurants has a consensus rating of “Hold” and a consensus price target of $39.33.

In other news, VP Kevin E. Mayer sold 4,468 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 5,817 shares in the company, valued at $264,440.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alex Puchner sold 4,000 shares of the firm’s stock in a transaction 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 have sold 15,914 shares of company stock worth $723,150. Corporate insiders own 6.80% of the company’s stock.

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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