Insight 2811 buys $93.8 Million stake in BJ's Restaurants (BJRI)

BJ's Restaurants (BJRI) : Insight 2811 scooped up 1,261,640 additional shares in BJ's Restaurants during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,152,353 shares of BJ's Restaurants which is valued at $93.8 Million.BJ's Restaurants makes up approximately 36.15% of Insight 2811’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management added BJRI to its portfolio by purchasing 22,200 company shares during the most recent quarter which is valued at $967,698. BJ's Restaurants makes up approx 0.09% of Nine Chapters Capital Management’s portfolio.Tiaa Cref Investment Management reduced its stake in BJRI by selling 18,185 shares or 20.56% in the most recent quarter. The Hedge Fund company now holds 70,256 shares of BJRI which is valued at $3.1 Million.Teachers Advisors Inc reduced its stake in BJRI by selling 732 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 33,799 shares of BJRI which is valued at $1.5 Million.

BJ's Restaurants opened for trading at $42.78 and hit $43.29 on the upside on Friday, eventually ending the session at $43.16, with a gain of 1.27% or 0.54 points. The heightened volatility saw the trading volume jump to 1,73,509 shares. Company has a market cap of $1,041,278 M.

On the company’s financial health, BJ's Restaurants reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.40. The company had revenue of $243.40 million for the quarter, compared to analysts expectations of $244.93 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on BJ's Restaurants. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $63 .

BJ’s Restaurants Inc. owns and operates restaurants. The Company operates under the BJ’s Restaurant & Brewery BJ’s Restaurant & Brewhouse BJ’s Pizza & Grill and BJ’s Grill names. The Company owns and operates 158 restaurants. Its menu consists of deep-dish pizza craft beers and other beers as well as a range of appetizers entrees pastas sandwiches specialty salads and desserts including its Pizookie dessert. Its menu also includes starter salads handcrafted burgers sandwiches and tacos desserts lunch specials housemade soups and salads and gluten-free menu among others. Its Snacks and Small Bites menu category comprises small plate appetizers and salads and a lower calorie and better for you menu category called Enlightened Entrees. Its menu items include Kale and Roasted Brussels Sprout Salad its Cherry Chipotle Salmon its Mediterranean Chicken Pita Tacos and its Peanut Butter S’mores Pizookie. It also offers a range of wines and spirits and root beer soda.

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