BJ’s Restaurants, Inc. (BJRI) Position Held by RE Advisers Corp

RE Advisers Corp maintained its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 831,230 shares of the restaurant operator’s stock at the end of the second quarter. RE Advisers Corp owned about 3.86% of BJ’s Restaurants worth $30,963,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $102,000. State of Alaska Department of Revenue increased its stake in shares of BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of BJ’s Restaurants by 38.2% in the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 1,033 shares in the last quarter. Mason Street Advisors LLC increased its stake 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 buying an additional 24 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of BJ’s Restaurants during the fourth quarter valued at approximately $233,000. 94.15% of the stock is owned by institutional investors and hedge funds.

Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) traded up 0.15% on Friday, reaching $33.10. The company’s stock had a trading volume of 359,086 shares. BJ’s Restaurants, Inc. has a 1-year low of $30.40 and a 1-year high of $47.55. The company’s 50 day moving average is $35.17 and its 200-day moving average is $39.05. The stock has a market cap of $709.86 million, a PE ratio of 19.51 and a beta of 1.08.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business 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%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, equities analysts predict that BJ’s Restaurants, Inc. will post $1.63 earnings per share for the current fiscal year.

BJ’s Restaurants announced that its Board of Directors has approved a share repurchase plan on Thursday, April 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have recently commented on BJRI shares. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 target price on shares of BJ’s Restaurants in a report on Friday, July 28th. TheStreet downgraded BJ’s Restaurants from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. BJ’s Restaurants presently has a consensus rating of “Hold” and an average target price of $39.33.

In other news, insider Alex Puchner sold 7,073 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $45.80, for a total value of $323,943.40. Following the sale, the insider now directly owns 4,094 shares in the company, valued at $187,505.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kevin E. Mayer sold 4,468 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $45.46, for a total value of $203,115.28. Following the completion of the sale, the vice president now owns 5,817 shares in the company, valued at $264,440.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,914 shares of company stock worth $723,150. Corporate insiders own 6.80% of the company’s stock.

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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