Engineers Gate Manager LP Invests $602,000 in BJ’s Restaurants, Inc. (BJRI)

Engineers Gate Manager LP bought a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,174 shares of the restaurant operator’s stock, valued at approximately $602,000. Engineers Gate Manager LP owned about 0.08% of BJ’s Restaurants as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of BJ’s Restaurants in the 1st quarter valued at about $102,000. State of Alaska Department of Revenue lifted its holdings in shares of 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 valued at $132,000 after purchasing an additional 1,557 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of 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 valued at $151,000 after purchasing an additional 1,033 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of 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 valued at $171,000 after purchasing an additional 24 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of BJ’s Restaurants by 20.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 877 shares during the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants, Inc. (NASDAQ:BJRI) opened at 29.40 on Friday. BJ’s Restaurants, Inc. has a 52-week low of $28.00 and a 52-week high of $47.55. The firm’s 50-day moving average price is $31.60 and its 200 day moving average price is $38.12. The firm has a market cap of $630.51 million, a PE ratio of 17.32 and a beta of 1.10.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Zacks’ 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 net margin of 3.82% and a return on equity of 14.51%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. On average, equities analysts anticipate that BJ’s Restaurants, Inc. will post $1.62 earnings per share for the current year.

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BJRI has been the subject of several research reports. Canaccord Genuity reissued a “buy” rating and issued 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 report on Friday, July 7th. Morgan Stanley reissued an “equal weight” rating and issued a $41.00 target price (down from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Wedbush reissued a “hold” rating and issued a $45.00 target price on shares of BJ’s Restaurants in a report on Thursday, May 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 target price on shares of BJ’s Restaurants in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. BJ’s Restaurants currently has a consensus rating of “Hold” and an average price target of $39.40.

BJ’s Restaurants 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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