BJ’s Restaurants, Inc. (BJRI) Shares Bought by Pacad Investment Ltd.

Pacad Investment Ltd. lifted its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,800 shares of the restaurant operator’s stock after purchasing an additional 100 shares during the period. Pacad Investment Ltd.’s holdings in BJ’s Restaurants were worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its position in shares of BJ’s Restaurants by 4.6% during the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after purchasing an additional 29,949 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of BJ’s Restaurants by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 657 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of BJ’s Restaurants during the second quarter worth about $8,188,000. Ballentine Partners LLC bought a new position in shares of BJ’s Restaurants during the second quarter worth about $10,703,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of BJ’s Restaurants by 54.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,124 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 3,225 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at 29.15 on Wednesday. The firm has a 50-day moving average of $32.28 and a 200-day moving average of $38.36. 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 cap of $625.15 million, a PE ratio of 17.18 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share 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 analyst estimates of $269.48 million. During the same quarter last year, the firm posted $0.56 earnings per share. BJ’s Restaurants’s revenue was up 6.2% on a year-over-year basis. On average, analysts predict that BJ’s Restaurants, Inc. will post $1.62 EPS for the current year.

Several brokerages have recently commented on BJRI. Wedbush reaffirmed a “hold” rating and set a $45.00 price target on shares of BJ’s Restaurants in a research report on Thursday, May 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of BJ’s Restaurants in a research report 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 report on Friday, July 14th. BidaskClub cut shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. 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 stock. The company currently has an average rating of “Hold” and an average price target of $39.40.

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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.

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

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