Oppenheimer Asset Management Inc. grew its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 22.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,765 shares of the restaurant operator’s stock after acquiring an additional 2,173 shares during the period. Oppenheimer Asset Management Inc. owned about 0.05% of BJ’s Restaurants worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BJRI. BlackRock Inc. raised its stake in shares of BJ’s Restaurants by 132,808.6% in the 1st quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock valued at $101,752,000 after acquiring an additional 2,516,723 shares during the period. Ballentine Partners LLC purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at $10,703,000. Marshall Wace North America L.P. purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at $8,188,000. GW&K Investment Management LLC raised its stake in shares of BJ’s Restaurants by 50.5% in the 2nd quarter. GW&K Investment Management LLC now owns 352,993 shares of the restaurant operator’s stock valued at $13,149,000 after acquiring an additional 118,413 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of BJ’s Restaurants in the 1st quarter valued at $3,183,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on BJRI. Wedbush reissued a “hold” rating and issued a $45.00 target price on shares of BJ’s Restaurants in a research note on Thursday, May 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 14th. Canaccord Genuity raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, July 14th. BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.40.

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) opened at 29.40 on Friday. BJ’s Restaurants, Inc. has a 52-week low of $28.00 and a 52-week high of $47.55. The stock has a 50 day moving average of $31.60 and a 200 day moving average of $38.12. The company has a market cap of $630.51 million, a P/E ratio of 17.32 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $265.80 million for the quarter, compared to the consensus estimate of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. BJ’s Restaurants’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. On average, equities analysts anticipate that BJ’s Restaurants, Inc. will post $1.62 earnings per share for the current fiscal year.

About BJ’s Restaurants

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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