Raymond James & Associates Has $1.74 Million Holdings in BJ’s Restaurants, Inc. (BJRI)

Raymond James & Associates grew its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,961 shares of the restaurant operator’s stock after acquiring an additional 3,138 shares during the quarter. Raymond James & Associates owned 0.14% of BJ’s Restaurants worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BJRI. BlackRock Inc. boosted its position in shares of BJ’s Restaurants by 21.1% in the first quarter. BlackRock Inc. now owns 2,876,653 shares of the restaurant operator’s stock valued at $129,163,000 after acquiring an additional 502,134 shares during the period. Rothschild Asset Management Inc. bought a new stake in shares of BJ’s Restaurants in the second quarter valued at approximately $28,901,000. Acadian Asset Management LLC boosted its position in shares of BJ’s Restaurants by 434.7% in the second quarter. Acadian Asset Management LLC now owns 385,173 shares of the restaurant operator’s stock valued at $23,108,000 after acquiring an additional 313,144 shares during the period. OppenheimerFunds Inc. boosted its position in shares of BJ’s Restaurants by 1,796.2% in the second quarter. OppenheimerFunds Inc. now owns 276,883 shares of the restaurant operator’s stock valued at $16,613,000 after acquiring an additional 262,281 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of BJ’s Restaurants in the first quarter valued at approximately $8,926,000. 95.27% of the stock is owned by institutional investors.

Several research firms have recently weighed in on BJRI. BidaskClub raised BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. ValuEngine raised BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 28th. Zacks Investment Research raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, July 17th. Maxim Group began coverage on BJ’s Restaurants in a research report on Wednesday, August 22nd. They issued a “buy” rating and a $81.00 price objective for the company. Finally, Stephens reissued a “buy” rating and issued a $70.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 20th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. BJ’s Restaurants currently has a consensus rating of “Buy” and a consensus price target of $62.55.

In related news, insider Alex Puchner sold 3,907 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $62.63, for a total value of $244,695.41. Following the completion of the transaction, the insider now directly owns 4,480 shares of the company’s stock, valued at $280,582.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Kevin E. Mayer sold 925 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $62.85, for a total value of $58,136.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 301,614 shares of company stock valued at $21,777,152. 6.80% of the stock is owned by company insiders.

Shares of BJRI stock opened at $66.75 on Friday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 47.49, a PEG ratio of 2.24 and a beta of 0.80. BJ’s Restaurants, Inc. has a one year low of $29.40 and a one year high of $76.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 26th. The restaurant operator reported $0.79 EPS for the quarter, topping the consensus estimate of $0.64 by $0.15. The firm had revenue of $287.63 million during the quarter, compared to analysts’ expectations of $283.22 million. BJ’s Restaurants had a return on equity of 15.76% and a net margin of 5.35%. BJ’s Restaurants’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. As a group, sell-side analysts predict that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current fiscal year.

BJ’s Restaurants Company Profile

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Further Reading: Calculate Your Return on Investment (ROI)

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

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