AHL Partners LLP Increases Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

AHL Partners LLP grew its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 43.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,875 shares of the restaurant operator’s stock after purchasing an additional 7,218 shares during the quarter. AHL Partners LLP owned about 0.11% of BJ’s Restaurants worth $889,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BJRI. BlackRock Inc. boosted its stake in BJ’s Restaurants by 132,808.6% in the 1st quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock valued at $101,752,000 after purchasing an additional 2,516,723 shares during the period. Vanguard Group Inc. boosted its stake in BJ’s Restaurants by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,802,486 shares of the restaurant operator’s stock valued at $67,142,000 after purchasing an additional 51,389 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BJ’s Restaurants by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 977,686 shares of the restaurant operator’s stock valued at $39,498,000 after acquiring an additional 32,798 shares during the period. Neuberger Berman Group LLC lifted its position in shares of BJ’s Restaurants by 4.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock valued at $25,440,000 after acquiring an additional 29,949 shares during the period. Finally, Morgan Stanley lifted its position in shares of BJ’s Restaurants by 13.3% during the 1st quarter. Morgan Stanley now owns 526,480 shares of the restaurant operator’s stock valued at $21,271,000 after acquiring an additional 61,785 shares during the period. 99.05% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on BJRI. Wells Fargo & Company cut their target price on BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, October 18th. Jefferies Group LLC reissued a “hold” rating and set a $39.00 price target on shares of BJ’s Restaurants in a report on Thursday, August 31st. Canaccord Genuity reissued a “buy” rating and set a $42.00 price target on shares of BJ’s Restaurants in a report on Friday, July 28th. Stifel Nicolaus assumed coverage on BJ’s Restaurants in a report on Monday, October 2nd. They set a “hold” rating and a $32.00 price target for the company. Finally, Barclays PLC lowered their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.56.

BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at 33.05 on Friday. BJ’s Restaurants, Inc. has a one year low of $28.00 and a one year high of $47.55. The firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $36.46. The company has a market cap of $708.79 million, a price-to-earnings ratio of 19.48 and a beta of 1.07.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts expect that BJ’s Restaurants, Inc. will post $1.58 earnings per share for the current fiscal year.

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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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