US Bancorp DE boosted its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 21,794 shares of the restaurant operator’s stock after buying an additional 262 shares during the period. US Bancorp DE’s holdings in BJ’s Restaurants were worth $812,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Aperio Group LLC increased its stake in BJ’s Restaurants by 0.7% in the second quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock worth $246,000 after buying an additional 45 shares in the last quarter. State of Alaska Department of Revenue increased its stake in BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares in the last quarter. GW&K Investment Management LLC increased its stake in BJ’s Restaurants by 50.5% in the second quarter. GW&K Investment Management LLC now owns 352,993 shares of the restaurant operator’s stock worth $13,149,000 after buying an additional 118,413 shares in the last quarter. Fox Run Management L.L.C. increased its stake in BJ’s Restaurants by 298.3% in the second quarter. Fox Run Management L.L.C. now owns 23,100 shares of the restaurant operator’s stock worth $860,000 after buying an additional 17,300 shares in the last quarter. Finally, UBS Oconnor LLC purchased a new stake in BJ’s Restaurants during the first quarter worth approximately $1,122,000. 94.15% of the stock is currently owned by institutional investors.

Shares of BJ’s Restaurants, Inc. (BJRI) traded up 0.15% during trading on Friday, hitting $33.10. The company had a trading volume of 359,086 shares. The stock has a market cap of $709.86 million, a PE ratio of 19.51 and a beta of 1.08. The firm has a 50 day moving average of $35.17 and a 200 day moving average of $39.05. BJ’s Restaurants, Inc. has a 12-month low of $30.40 and a 12-month high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.02. The company 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 EPS. On average, analysts forecast that BJ’s Restaurants, Inc. will post $1.63 earnings per share for the current fiscal year.

BJ’s Restaurants declared that its board has authorized a share buyback plan on Thursday, April 27th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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A number of research firms have recently commented on BJRI. Zacks Investment Research downgraded BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and issued a $42.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Barclays PLC dropped their price objective on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 14th. Four 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. The stock has an average rating of “Hold” and a consensus price target of $39.33.

In other news, VP Kevin E. Mayer sold 4,468 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total value of $203,115.28. Following the transaction, the vice president now owns 5,817 shares of the company’s stock, valued at approximately $264,440.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alex Puchner sold 4,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $44.75, for a total value of $179,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,914 shares of company stock worth $723,150. 6.80% of the stock is currently owned by company insiders.

BJ’s Restaurants Company 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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