BJ’s Restaurants Inc. (NASDAQ:BJRI) announced its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. BJ’s Restaurants had a net margin of 5.09% and a return on equity of 14.58%.

Shares of BJ’s Restaurants (NASDAQ:BJRI) traded up 0.76% during midday trading on Wednesday, reaching $35.69. The company had a trading volume of 986,969 shares. BJ’s Restaurants has a 1-year low of $34.41 and a 1-year high of $47.95. The stock has a market capitalization of $862.73 million, a price-to-earnings ratio of 18.51 and a beta of 1.17. The firm’s 50 day moving average price is $37.00 and its 200-day moving average price is $41.67.

Earnings History for BJ`s Restaurants (NASDAQ:BJRI)

BJRI has been the subject of several recent research reports. Zacks Investment Research upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Friday, July 22nd. Tigress Financial upgraded BJ’s Restaurants from a “neutral” rating to a “buy” rating in a research report on Thursday, June 23rd. Stifel Nicolaus downgraded BJ’s Restaurants from a “buy” rating to a “sell” rating and lowered their price objective for the company from $52.00 to $35.00 in a research report on Tuesday, July 26th. Robert W. Baird reiterated a “neutral” rating on shares of BJ’s Restaurants in a research report on Thursday, September 8th. Finally, Wedbush downgraded BJ’s Restaurants from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $47.00 to $40.00 in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. BJ’s Restaurants presently has an average rating of “Hold” and a consensus price target of $40.67.

In other news, Director Pozzo James Dal sold 5,358 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $40.04, for a total value of $214,534.32. Following the completion of the transaction, the director now owns 4,304 shares in the company, valued at approximately $172,332.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Luxor Capital Group, Lp sold 37,000 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $35.74, for a total value of $1,322,380.00. The disclosure for this sale can be found here. Company insiders own 7.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in BJRI. Comerica Bank boosted its position in shares of BJ’s Restaurants by 0.4% in the second quarter. Comerica Bank now owns 17,169 shares of the company’s stock worth $697,000 after buying an additional 63 shares during the period. American International Group Inc. boosted its position in shares of BJ’s Restaurants by 0.6% in the second quarter. American International Group Inc. now owns 16,774 shares of the company’s stock worth $735,000 after buying an additional 99 shares during the period. Arizona State Retirement System boosted its position in shares of BJ’s Restaurants by 2.0% in the second quarter. Arizona State Retirement System now owns 10,246 shares of the company’s stock worth $449,000 after buying an additional 200 shares during the period. Invictus RG boosted its position in shares of BJ’s Restaurants by 27.3% in the second quarter. Invictus RG now owns 2,354 shares of the company’s stock worth $103,000 after buying an additional 505 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of BJ’s Restaurants by 4.6% in the second quarter. Martingale Asset Management L P now owns 16,674 shares of the company’s stock worth $731,000 after buying an additional 732 shares during the period. Hedge funds and other institutional investors own 93.55% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.

5 Day Chart for NASDAQ:BJRI

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