Bessemer Group Inc. held its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 36,900 shares of the restaurant operator’s stock at the end of the second quarter. Bessemer Group Inc. owned approximately 0.17% of BJ’s Restaurants worth $1,375,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BJRI. Kernodle & Katon Asset Management Group LLC bought a new position in shares of BJ’s Restaurants during the first quarter valued at $102,000. State of Alaska Department of Revenue raised its position in shares of 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 valued at $132,000 after buying an additional 1,557 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of BJ’s Restaurants by 38.2% in the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 1,033 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of BJ’s Restaurants by 0.6% in the first quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 24 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of BJ’s Restaurants during the first quarter valued at $234,000. 94.15% of the stock is currently owned by institutional investors.

Shares of BJ’s Restaurants, Inc. (BJRI) opened at 33.10 on Friday. BJ’s Restaurants, Inc. has a 1-year low of $30.40 and a 1-year high of $47.55. The firm has a market capitalization of $709.86 million, a P/E ratio of 19.51 and a beta of 1.08. The stock has a 50 day moving average of $35.17 and a 200-day moving average of $39.05.

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

BJ’s Restaurants declared that its board has authorized a stock buyback 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 repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target on shares of BJ’s Restaurants in a research report on Thursday, April 27th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of BJ’s Restaurants in a research report on Saturday, July 22nd. 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 stock. BJ’s Restaurants presently has an average rating of “Hold” and a consensus target price of $39.33.

In related news, insider Alex Puchner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $44.75, for a total value of $179,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin E. Mayer sold 4,468 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total transaction of $203,115.28. Following the completion of the transaction, the vice president now owns 5,817 shares in the company, valued at $264,440.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,914 shares of company stock worth $723,150. 6.80% of the stock is 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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