Schwab Charles Investment Management Inc. boosted its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 6.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 142,770 shares of the restaurant operator’s stock after buying an additional 8,020 shares during the period. Schwab Charles Investment Management Inc. owned 0.66% of BJ’s Restaurants worth $5,319,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue increased its stake in BJ’s Restaurants by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its stake in BJ’s Restaurants by 38.2% in the 1st quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock worth $151,000 after buying an additional 1,033 shares in the last quarter. Mason Street Advisors LLC increased its stake in BJ’s Restaurants by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock worth $171,000 after buying an additional 24 shares in the last quarter. Sei Investments Co. increased its stake in BJ’s Restaurants by 265.8% in the 1st quarter. Sei Investments Co. now owns 6,006 shares of the restaurant operator’s stock worth $243,000 after buying an additional 4,364 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in BJ’s Restaurants in the 1st quarter worth $265,000. Institutional investors and hedge funds own 99.55% of the company’s stock.

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) opened at 30.05 on Friday. BJ’s Restaurants, Inc. has a 52 week low of $28.00 and a 52 week high of $47.55. The company has a market cap of $644.45 million, a P/E ratio of 17.71 and a beta of 1.07. The firm has a 50-day moving average of $29.89 and a 200 day moving average of $36.97.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 EPS 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 company had revenue of $265.80 million during the quarter, compared to analyst estimates of $269.48 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities analysts expect that BJ’s Restaurants, Inc. will post $1.61 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 14th. Canaccord Genuity upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, July 14th. BidaskClub lowered BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Morgan Stanley restated an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of BJ’s Restaurants in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. BJ’s Restaurants presently has an average rating of “Hold” and an average target price of $39.22.

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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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