People s United Financial Inc. raised its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,014 shares of the restaurant operator’s stock after buying an additional 246 shares during the quarter. People s United Financial Inc. owned about 0.06% of BJ’s Restaurants worth $447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BJRI. Wells Fargo & Company MN lifted its position in shares of BJ’s Restaurants by 14.1% during the first quarter. Wells Fargo & Company MN now owns 85,624 shares of the restaurant operator’s stock valued at $3,459,000 after buying an additional 10,600 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of BJ’s Restaurants by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,137 shares of the restaurant operator’s stock valued at $1,095,000 after purchasing an additional 172 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of BJ’s Restaurants in the 1st quarter valued at approximately $1,590,000. Bank of New York Mellon Corp raised its position in shares of BJ’s Restaurants by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock valued at $11,181,000 after purchasing an additional 1,982 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of BJ’s Restaurants in the 1st quarter valued at approximately $265,000. 99.55% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on BJRI shares. Robert W. Baird reaffirmed a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a research report on Friday, September 1st. BidaskClub lowered shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, July 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of BJ’s Restaurants in a research report on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.22.

BJ’s Restaurants, Inc. (BJRI) opened at 30.65 on Friday. The stock has a market capitalization of $657.32 million, a price-to-earnings ratio of 18.06 and a beta of 1.07. BJ’s Restaurants, Inc. has a 52-week low of $28.00 and a 52-week high of $47.55. The firm’s 50-day moving average is $30.13 and its 200-day moving average is $37.27.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). The business had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Analysts predict that BJ’s Restaurants, Inc. will post $1.61 earnings per share for the current year.

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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.

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

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