Prudential Financial Inc. decreased its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 62.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,833 shares of the restaurant operator’s stock after selling 75,930 shares during the period. Prudential Financial Inc. owned about 0.21% of BJ’s Restaurants worth $1,707,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC bought a new stake in BJ’s Restaurants during the first quarter valued at $102,000. State of Alaska Department of Revenue increased its stake in BJ’s Restaurants by 77.9% during the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after purchasing an additional 1,557 shares during the last quarter. Victory Capital Management Inc. increased its stake in BJ’s Restaurants by 38.2% during the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 1,033 shares during the last quarter. Mason Street Advisors LLC increased its stake in BJ’s Restaurants by 0.6% during the first quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 24 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake 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 valued at $190,000 after purchasing an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

BJ’s Restaurants, Inc. (BJRI) opened at 30.45 on Friday. The stock’s 50 day moving average is $31.25 and its 200 day moving average is $38.02. The firm has a market cap of $653.03 million, a P/E ratio of 17.94 and a beta of 1.10. BJ’s Restaurants, Inc. has a one year low of $28.00 and a one year high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $265.80 million for the quarter, compared to analyst estimates of $269.48 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that BJ’s Restaurants, Inc. will post $1.62 earnings per share for the current year.

Several analysts have weighed in on BJRI shares. Canaccord Genuity reiterated a “buy” rating and set a $42.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 28th. TheStreet lowered shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a research note on Friday, July 7th. 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 research note on Saturday, July 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 14th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $39.40.

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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.

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

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