Arrowstreet Capital Limited Partnership Sells 72,142 Shares of BJ’s Restaurants, Inc. (BJRI)

Arrowstreet Capital Limited Partnership cut its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 20.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 272,876 shares of the restaurant operator’s stock after selling 72,142 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.27% of BJ’s Restaurants worth $10,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mason Street Advisors LLC raised its holdings in shares of 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 purchasing an additional 24 shares during the last quarter. Aperio Group LLC raised its holdings in shares of BJ’s Restaurants by 0.7% in the second quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 45 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of BJ’s Restaurants by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,884 shares of the restaurant operator’s stock valued at $319,000 after purchasing an additional 93 shares during the last quarter. Pacad Investment Ltd. raised its holdings in shares of BJ’s Restaurants by 1.8% in the second quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 100 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of BJ’s Restaurants by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 27,137 shares of the restaurant operator’s stock valued at $1,095,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

BJRI has been the topic of a number of recent research reports. Robert W. Baird reiterated a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a report on Friday, September 1st. BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Canaccord Genuity upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, July 14th. Finally, Morgan Stanley restated an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Three investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $39.22.

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Shares of BJ’s Restaurants, Inc. (BJRI) traded down 1.98% during trading on Friday, reaching $29.70. 50,863 shares of the company were exchanged. The firm’s 50 day moving average price is $29.93 and its 200 day moving average price is $37.03. BJ’s Restaurants, Inc. has a one year low of $28.00 and a one year high of $47.55. The company has a market capitalization of $636.95 million, a PE ratio of 17.50 and a beta of 1.07.

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

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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