KBC Group NV lowered its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 34.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,300 shares of the restaurant operator’s stock after selling 22,506 shares during the period. KBC Group NV’s holdings in BJ’s Restaurants were worth $2,538,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of BJRI. TIAA CREF Investment Management LLC raised its position in BJ’s Restaurants by 42.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 81,290 shares of the restaurant operator’s stock worth $2,959,000 after buying an additional 24,081 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in BJ’s Restaurants during the 4th quarter worth approximately $331,000. HL Financial Services LLC raised its position in BJ’s Restaurants by 11.9% during the 1st quarter. HL Financial Services LLC now owns 101,157 shares of the restaurant operator’s stock worth $4,542,000 after buying an additional 10,733 shares during the last quarter. Wells Fargo & Company MN raised its position in BJ’s Restaurants by 47.0% during the 1st quarter. Wells Fargo & Company MN now owns 45,381 shares of the restaurant operator’s stock worth $2,038,000 after buying an additional 14,514 shares during the last quarter. Finally, Comerica Bank raised its position in BJ’s Restaurants by 104.3% during the 1st quarter. Comerica Bank now owns 32,981 shares of the restaurant operator’s stock worth $1,618,000 after buying an additional 16,835 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.

A number of equities analysts have issued reports on BJRI shares. Zacks Investment Research lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Canaccord Genuity reissued a “buy” rating and set a $62.00 price target (up from $57.00) on shares of BJ’s Restaurants in a research report on Friday, April 20th. Stifel Nicolaus raised their price target on shares of BJ’s Restaurants from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. Wedbush raised their price target on shares of BJ’s Restaurants from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Finally, BidaskClub lowered shares of BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 14th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $57.64.

In other news, Director Patrick Walsh sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $63.33, for a total transaction of $759,960.00. Following the sale, the director now owns 18,603 shares of the company’s stock, valued at approximately $1,178,127.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Kevin E. Mayer sold 925 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $62.85, for a total transaction of $58,136.25. The disclosure for this sale can be found here. Insiders have sold a total of 44,436 shares of company stock worth $2,707,736 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Shares of NASDAQ BJRI opened at $66.75 on Friday. The company has a market cap of $1.34 billion, a PE ratio of 47.34, a PEG ratio of 1.98 and a beta of 0.76. BJ’s Restaurants, Inc. has a 12 month low of $28.00 and a 12 month high of $73.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 27th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. BJ’s Restaurants’s payout ratio is 31.21%.

BJ’s Restaurants 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 June 12, 2018, the company owned and operated 200 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.

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

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