Campbell & CO Investment Adviser LLC Buys Shares of 26,168 BJ’s Restaurants, Inc. $BJRI

Campbell & CO Investment Adviser LLC purchased a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,168 shares of the restaurant operator’s stock, valued at approximately $1,167,000. Campbell & CO Investment Adviser LLC owned approximately 0.12% of BJ’s Restaurants as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nomura Holdings Inc. increased its position in BJ’s Restaurants by 103.2% during the 1st quarter. Nomura Holdings Inc. now owns 1,700,780 shares of the restaurant operator’s stock valued at $58,269,000 after buying an additional 863,749 shares in the last quarter. American Century Companies Inc. grew its stake in shares of BJ’s Restaurants by 10.6% in the first quarter. American Century Companies Inc. now owns 773,535 shares of the restaurant operator’s stock worth $26,501,000 after acquiring an additional 74,101 shares during the last quarter. Emerald Advisers LLC grew its stake in shares of BJ’s Restaurants by 2.6% in the second quarter. Emerald Advisers LLC now owns 593,478 shares of the restaurant operator’s stock worth $26,469,000 after acquiring an additional 15,151 shares during the last quarter. Woodline Partners LP increased its holdings in shares of BJ’s Restaurants by 13.4% during the first quarter. Woodline Partners LP now owns 410,289 shares of the restaurant operator’s stock valued at $14,057,000 after acquiring an additional 48,455 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of BJ’s Restaurants by 49.8% in the 1st quarter. Raymond James Financial Inc. now owns 191,882 shares of the restaurant operator’s stock worth $6,574,000 after purchasing an additional 63,751 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

NASDAQ BJRI opened at $36.80 on Thursday. The business’s fifty day moving average price is $31.93 and its 200-day moving average price is $37.18. The stock has a market capitalization of $777.77 million, a price-to-earnings ratio of 30.92, a PEG ratio of 1.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.38 and a quick ratio of 0.32. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.02.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. BJ’s Restaurants had a return on equity of 11.73% and a net margin of 1.99%.The company had revenue of $330.16 million during the quarter, compared to analyst estimates of $335.86 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. BJ’s Restaurants’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that BJ’s Restaurants, Inc. will post 1.5 earnings per share for the current year.

BJ’s Restaurants announced that its Board of Directors has initiated a share buyback program on Thursday, October 30th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase up to 11.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Sanford C. Bernstein reissued an “underweight” rating and set a $30.00 price objective on shares of BJ’s Restaurants in a research report on Friday, October 31st. Benchmark reiterated a “buy” rating on shares of BJ’s Restaurants in a research note on Monday, October 27th. Piper Sandler increased their price target on shares of BJ’s Restaurants from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Weiss Ratings downgraded shares of BJ’s Restaurants from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Finally, Mizuho raised BJ’s Restaurants to a “hold” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.75.

Insider Activity

In other news, VP Alex Puchner sold 1,821 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $34.06, for a total value of $62,023.26. Following the transaction, the vice president owned 10,622 shares in the company, valued at $361,785.32. This represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Heidi Rogers sold 4,116 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $35.36, for a total transaction of $145,541.76. Following the completion of the transaction, the senior vice president directly owned 7,144 shares in the company, valued at approximately $252,611.84. The trade was a 36.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,458 shares of company stock valued at $545,656 in the last quarter. 4.30% of the stock is currently owned by insiders.

About BJ’s Restaurants

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.