BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Purchased by Quarry LP

Quarry LP raised its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 764.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 813 shares of the restaurant operator’s stock after acquiring an additional 719 shares during the quarter. Quarry LP’s holdings in BJ’s Restaurants were worth $26,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in BJ’s Restaurants by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock valued at $409,000 after purchasing an additional 300 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of BJ’s Restaurants by 11.4% during the third quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock valued at $220,000 after acquiring an additional 693 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in shares of BJ’s Restaurants by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock worth $1,009,000 after acquiring an additional 780 shares in the last quarter. US Bancorp DE boosted its holdings in BJ’s Restaurants by 142.9% in the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the last quarter. Finally, WINTON GROUP Ltd grew its stake in BJ’s Restaurants by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 29,499 shares of the restaurant operator’s stock valued at $1,024,000 after purchasing an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. Finally, Barclays cut their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, BJ’s Restaurants has an average rating of “Hold” and a consensus target price of $38.57.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $35.82 on Friday. The company has a 50-day moving average of $35.61 and a 200-day moving average of $33.89. The firm has a market cap of $817.30 million, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 2.08 and a beta of 2.08. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. 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 quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ’s Restaurants’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) EPS. Analysts forecast 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.