Marshall Wace North America L.P. bought a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 221,274 shares of the restaurant operator’s stock, valued at approximately $8,188,000. Marshall Wace North America L.P. owned approximately 1.03% of BJ’s Restaurants as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC purchased a new position in BJ’s Restaurants during the first quarter valued at $102,000. State of Alaska Department of Revenue increased its position 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 valued at $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its position in 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 in the last quarter. Mason Street Advisors LLC increased its position in 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 in the last quarter. Finally, SG Americas Securities LLC increased its position in BJ’s Restaurants by 20.8% in the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 877 shares in the last quarter. 96.67% of the stock is owned by institutional investors.

BJ’s Restaurants, Inc. (NASDAQ:BJRI) opened at 31.40 on Friday. The stock’s 50 day moving average price is $33.88 and its 200-day moving average price is $38.83. The firm has a market capitalization of $673.40 million, a P/E ratio of 18.50 and a beta of 1.08. 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 data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share 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 business had revenue of $265.80 million for the quarter, compared to analyst estimates of $269.48 million. During the same period in the prior year, the firm posted $0.56 EPS. BJ’s Restaurants’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that BJ’s Restaurants, Inc. will post $1.63 earnings per share for the current year.

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Several research firms have weighed in on BJRI. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 28th. Barclays PLC dropped their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a research report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 14th. Zacks Investment Research downgraded BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, TheStreet downgraded BJ’s Restaurants from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $39.33.

In related news, insider Alex Puchner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $44.75, for a total transaction of $179,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by 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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