Cubist Systematic Strategies LLC purchased a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,001 shares of the restaurant operator’s stock, valued at approximately $1,229,000. Cubist Systematic Strategies LLC owned approximately 0.15% of BJ’s Restaurants as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BJRI. BlackRock Inc. increased its position 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 valued at $101,752,000 after acquiring an additional 2,516,723 shares in the last quarter. UBS Oconnor LLC increased its position in shares of BJ’s Restaurants by 1,090.8% during the second quarter. UBS Oconnor LLC now owns 330,679 shares of the restaurant operator’s stock valued at $12,318,000 after acquiring an additional 302,910 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $10,703,000. Marshall Wace North America L.P. bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $8,188,000. Finally, BlueCrest Capital Management Ltd increased its position in shares of BJ’s Restaurants by 1,258.4% during the second quarter. BlueCrest Capital Management Ltd now owns 162,623 shares of the restaurant operator’s stock valued at $6,058,000 after acquiring an additional 150,651 shares in the last quarter. 99.55% of the stock is owned by institutional investors.

BJRI has been the subject of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $42.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 28th. TheStreet downgraded shares of BJ’s Restaurants from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Morgan Stanley reissued an “equal weight” rating and set a $41.00 price target (down previously from $44.00) on shares of BJ’s Restaurants in a research report on Saturday, July 22nd. Piper Jaffray Companies reissued 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, Stifel Nicolaus initiated coverage on shares of BJ’s Restaurants in a research report on Monday, October 2nd. They set a “hold” rating and a $32.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.22.

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BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $269.48 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last 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.

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

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