Y Intercept Hong Kong Ltd Makes New $552,000 Investment in BJ’s Restaurants, Inc. $BJRI

Y Intercept Hong Kong Ltd purchased a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRIFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,735 shares of the restaurant operator’s stock, valued at approximately $552,000.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC raised its position in shares of BJ’s Restaurants by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 37,189 shares of the restaurant operator’s stock worth $1,274,000 after purchasing an additional 5,013 shares during the last quarter. Caxton Associates LLP acquired a new stake in BJ’s Restaurants during the 1st quarter valued at $291,000. Russell Investments Group Ltd. grew its holdings in BJ’s Restaurants by 29.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,662 shares of the restaurant operator’s stock valued at $788,000 after buying an additional 4,045 shares during the last quarter. Invesco Ltd. increased its position in BJ’s Restaurants by 22.5% during the second quarter. Invesco Ltd. now owns 291,957 shares of the restaurant operator’s stock worth $13,021,000 after buying an additional 53,574 shares in the last quarter. Finally, First Trust Advisors LP increased its position in BJ’s Restaurants by 0.9% during the second quarter. First Trust Advisors LP now owns 71,617 shares of the restaurant operator’s stock worth $3,194,000 after buying an additional 637 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Up 0.2%

Shares of NASDAQ:BJRI opened at $62.39 on Tuesday. The stock’s 50-day moving average price is $49.74 and its two-hundred day moving average price is $43.11. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. BJ’s Restaurants, Inc. has a 12-month low of $28.46 and a 12-month high of $63.67. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.02 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The business had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $356.97 million. During the same quarter last year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts forecast that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BJRI shares. Piper Sandler boosted their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Mizuho decreased their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Benchmark boosted their target price on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Barclays reduced their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and an average price target of $42.00.

Read Our Latest Stock Analysis on BJ’s Restaurants

Insiders Place Their Bets

In related news, Director Noah A. Elbogen sold 4,652 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $54.00, for a total value of $251,208.00. Following the completion of the sale, the director directly owned 76,235 shares in the company, valued at approximately $4,116,690. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lea Anne Ottinger sold 2,792 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $53.50, for a total transaction of $149,372.00. Following the transaction, the director directly owned 39,701 shares of the company’s stock, valued at $2,124,003.50. This trade represents a 6.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 63,817 shares of company stock valued at $3,384,688. 2.40% of the stock is currently owned by corporate insiders.

BJ’s Restaurants Company Profile

(Free Report)

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.

Further Reading

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Institutional Ownership by Quarter for BJ's Restaurants (NASDAQ:BJRI)

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