Blueshift Asset Management LLC Acquires Shares of 7,929 BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Blueshift Asset Management LLC acquired a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,929 shares of the restaurant operator’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Asset Management Inc. bought a new stake in BJ’s Restaurants during the 3rd quarter worth approximately $4,310,000. American Century Companies Inc. grew its holdings in BJ’s Restaurants by 27.5% during the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after buying an additional 114,008 shares in the last quarter. Rothschild Investment LLC purchased a new stake in BJ’s Restaurants in the 2nd quarter valued at $3,250,000. Armistice Capital LLC purchased a new stake in BJ’s Restaurants in the 2nd quarter valued at $2,602,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in BJ’s Restaurants during the 3rd quarter valued at $2,064,000. 99.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays reduced their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Finally, Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.57.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $37.84 on Friday. The company has a market cap of $863.51 million, a price-to-earnings ratio of 30.27, a PEG ratio of 2.11 and a beta of 2.10. The business’s 50 day simple moving average is $34.79 and its 200 day simple moving average is $33.81. 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 12 month low of $27.61 and a 12 month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data 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 firm had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted ($0.16) EPS. Sell-side analysts forecast that BJ’s Restaurants, Inc. will post 1.26 EPS for the current year.

Insider Activity at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the stock in a transaction dated 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 owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This represents a 30.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Bradford Richmond bought 2,500 shares of BJ’s Restaurants stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $29.40 per share, with a total value of $73,500.00. Following the acquisition, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. This represents a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

BJ’s Restaurants 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.