Landscape Capital Management L.L.C. Takes $5.72 Million Position in BJ’s Restaurants, Inc. $BJRI

Landscape Capital Management L.L.C. purchased a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 145,281 shares of the restaurant operator’s stock, valued at approximately $5,724,000.

Several other institutional investors and hedge funds have also modified their holdings of BJRI. UBS Group AG grew its holdings in shares of BJ’s Restaurants by 576.9% during the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after acquiring an additional 1,237,383 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of BJ’s Restaurants by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock valued at $102,665,000 after acquiring an additional 640,648 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of BJ’s Restaurants by 48.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock valued at $28,557,000 after acquiring an additional 306,930 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at $13,380,000. Finally, Bank of America Corp DE boosted its holdings in BJ’s Restaurants by 222.9% in the third quarter. Bank of America Corp DE now owns 303,879 shares of the restaurant operator’s stock worth $9,277,000 after purchasing an additional 209,776 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BJRI shares. Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Piper Sandler upped their price objective on shares of 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 shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Citigroup decreased their price objective on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, DA Davidson started coverage on shares of BJ’s Restaurants in a report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective for the company. 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 company’s stock. According to MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $42.00.

BJ’s Restaurants Trading Up 1.5%

Shares of NASDAQ:BJRI opened at $52.62 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of 26.58, a P/E/G ratio of 1.70 and a beta of 1.35. 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 1 year low of $28.46 and a 1 year high of $53.53. The firm has a fifty day moving average price of $41.47 and a 200 day moving average price of $40.36.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The firm had revenue of $358.12 million for the quarter, compared to analyst estimates of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Analysts expect that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Insider Activity

In other BJ’s Restaurants news, EVP Brian S. Krakower sold 3,475 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $46.71, for a total transaction of $162,317.25. Following the completion of the transaction, the executive vice president owned 4,721 shares of the company’s stock, valued at $220,517.91. The trade was a 42.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory S. Lynds sold 5,537 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $50.76, for a total transaction of $281,058.12. Following the transaction, the executive vice president directly owned 46,474 shares of the company’s stock, valued at approximately $2,359,020.24. This represents a 10.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,080 shares of company stock worth $1,088,465 in the last 90 days. Insiders own 4.30% of the company’s stock.

BJ’s Restaurants Company Profile

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.