BNP Paribas Arbitrage SA lowered its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 11.9% during the first quarter, Holdings Channel reports. The firm owned 5,899 shares of the restaurant operator’s stock after selling 794 shares during the period. BNP Paribas Arbitrage SA’s holdings in BJ’s Restaurants were worth $238,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of BJ’s Restaurants by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 850,900 shares of the restaurant operator’s stock valued at $33,440,000 after buying an additional 127,971 shares during the period. State Street Corp raised its stake in shares of BJ’s Restaurants by 3.0% in the fourth quarter. State Street Corp now owns 481,140 shares of the restaurant operator’s stock valued at $18,911,000 after buying an additional 13,997 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BJ’s Restaurants by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock valued at $11,181,000 after buying an additional 1,982 shares during the period. Norges Bank bought a new stake in shares of BJ’s Restaurants during the fourth quarter valued at about $7,030,000. Finally, Armistice Capital LLC bought a new stake in shares of BJ’s Restaurants during the fourth quarter valued at about $3,458,000. 96.31% of the stock is currently owned by institutional investors.

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

Shares of BJ’s Restaurants, Inc. (BJRI) opened at 38.70 on Friday. The company has a market capitalization of $834.29 million, a price-to-earnings ratio of 21.11 and a beta of 0.97. The firm’s 50-day moving average is $44.35 and its 200-day moving average is $39.72. BJ’s Restaurants, Inc. has a 12-month low of $32.24 and a 12-month high of $47.55.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. BJ’s Restaurants had a net margin of 4.29% and a return on equity of 14.86%. The business had revenue of $257.80 million for the quarter, compared to analysts’ expectations of $255.66 million. During the same period last year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that BJ’s Restaurants, Inc. will post $1.81 EPS for the current year.

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BJRI has been the topic of several research reports. Wedbush reaffirmed a “hold” rating and set a $45.00 price target on shares of BJ’s Restaurants in a report on Thursday, May 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $45.00 price target on shares of BJ’s Restaurants in a report on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target on shares of BJ’s Restaurants in a report on Thursday, April 27th. Two research 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. The stock presently has an average rating of “Hold” and an average price target of $37.88.

In other news, insider Alex Puchner sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $44.75, for a total value of $179,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin E. Mayer sold 4,468 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total transaction of $203,115.28. Following the completion of the transaction, the vice president now owns 5,817 shares in the company, valued at approximately $264,440.82. The disclosure for this sale can be found here. Insiders sold 22,793 shares of company stock worth $1,035,319 in the last 90 days. Company insiders own 7.10% of the company’s stock.

About BJ’s Restaurants

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.

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