PDT Partners LLC Invests $440,000 in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

PDT Partners LLC acquired a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,514 shares of the restaurant operator’s stock, valued at approximately $440,000. PDT Partners LLC owned approximately 0.06% of BJ’s Restaurants at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. 272 Capital LP acquired a new stake in BJ’s Restaurants during the second quarter worth approximately $1,173,000. Rothschild Investment LLC acquired a new stake in BJ’s Restaurants during the second quarter worth approximately $3,250,000. Landscape Capital Management L.L.C. boosted its position in BJ’s Restaurants by 75.9% during the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock worth $2,696,000 after acquiring an additional 35,722 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in BJ’s Restaurants during the third quarter worth approximately $4,310,000. Finally, nVerses Capital LLC acquired a new stake in BJ’s Restaurants during the second quarter worth approximately $187,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Activity at BJ’s Restaurants

In other news, CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $29.40 per share, with a total value of $73,500.00. Following the purchase, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at approximately $497,007. This represents a 17.36 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the sale, the insider now directly owns 5,339 shares in the company, valued at $190,068.40. This trade represents a 30.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

BJRI has been the topic of a number of analyst reports. Barclays decreased their target price on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Finally, Piper Sandler lifted their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $36.42 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $831.10 million, a price-to-earnings ratio of 29.14, a PEG ratio of 2.11 and a beta of 2.08. The firm’s fifty day simple moving average is $35.09 and its 200 day simple moving average is $33.81. BJ’s Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS. As a group, equities research analysts expect that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current fiscal year.

BJ’s Restaurants Company 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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.