CIBC World Markets Inc. purchased a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,199 shares of the restaurant operator’s stock, valued at approximately $939,000. CIBC World Markets Inc. owned about 0.12% of BJ’s Restaurants as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of BJRI. BlackRock Inc. grew its stake in shares of BJ’s Restaurants by 132,808.6% during the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after acquiring an additional 2,516,723 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of BJ’s Restaurants during the second quarter worth about $10,703,000. Marshall Wace North America L.P. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth about $8,188,000. GW&K Investment Management LLC lifted its holdings in shares of BJ’s Restaurants by 50.5% during the second quarter. GW&K Investment Management LLC now owns 352,993 shares of the restaurant operator’s stock worth $13,149,000 after purchasing an additional 118,413 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of BJ’s Restaurants during the first quarter worth about $3,183,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at 29.40 on Friday. The firm has a 50-day moving average price of $31.60 and a 200-day moving average price of $38.12. BJ’s Restaurants, Inc. has a one year low of $28.00 and a one year high of $47.55. The firm has a market capitalization of $630.51 million, a P/E ratio of 17.32 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results 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 net margin of 3.82% and a return on equity of 14.51%. The company had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $269.48 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts anticipate that BJ’s Restaurants, Inc. will post $1.62 earnings per share for the current year.

BJRI has been the subject of a number of research reports. Wedbush reaffirmed a “hold” rating and set a $45.00 target price on shares of BJ’s Restaurants in a report on Thursday, May 25th. TheStreet downgraded BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. BidaskClub downgraded BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Canaccord Genuity raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, July 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 target price on shares of BJ’s Restaurants in a report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.40.

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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.

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

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