U.S. Hennessy Advisors buys new $26.6 mln of stake in BJ’s Restaurants

11/02/2018 3:08:00 PM (GMT)

U.S.-based investment management firm Hennessy Advisors Inc. purchased a new stake in casual dining restaurants operator BJ’s Restaurants, Inc.

Hennessy purchased 368,900 shares of BJ’s Restaurants’ stock, valued at approximately $26.6 million. Shares of BJ’s Restaurants opened at $61.74.

U.S.-based investment management firm BlackRock Inc. now owns 3.2 million shares of BJ’s Restaurants’ stock valued at $190.1 million after purchasing an additional 292,172 shares during the last quarter.

BJ’s had revenue of $270.27 million during the quarter. The stock has a market capitalization of $1.32 billion.

Hennessy Advisory Inc.

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