Rockefeller Capital Management L.P. Sells 214,314 Shares of BJ’s Restaurants, Inc. $BJRI

Rockefeller Capital Management L.P. lowered its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 62.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 129,469 shares of the restaurant operator’s stock after selling 214,314 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BJ’s Restaurants were worth $5,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in BJ’s Restaurants in the third quarter worth approximately $1,662,000. Vanguard Group Inc. raised its position in shares of BJ’s Restaurants by 23.5% during the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after purchasing an additional 640,648 shares during the period. American Century Companies Inc. raised its position in shares of BJ’s Restaurants by 7.6% during the third quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock worth $27,078,000 after purchasing an additional 62,321 shares during the period. Legato Capital Management LLC bought a new position in shares of BJ’s Restaurants in the 4th quarter worth $1,148,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of BJ’s Restaurants by 50.0% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 411,750 shares of the restaurant operator’s stock worth $12,571,000 after purchasing an additional 137,283 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $59.88 on Friday. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $60.77. The stock’s 50 day moving average price is $44.89 and its 200-day moving average price is $41.54. The company has a market capitalization of $1.26 billion, a PE ratio of 30.24, a PEG ratio of 1.82 and a beta of 1.35. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The business had revenue of $358.12 million for the quarter, compared to analysts’ expectations of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at BJ’s Restaurants

In related news, CMO Heidi Rogers sold 3,090 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $53.21, for a total value of $164,418.90. Following the transaction, the chief marketing officer directly owned 9,265 shares of the company’s stock, valued at approximately $492,990.65. The trade was a 25.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian S. Krakower sold 7,341 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.17, for a total transaction of $405,002.97. Following the transaction, the executive vice president owned 4,721 shares of the company’s stock, valued at approximately $260,457.57. The trade was a 60.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 63,817 shares of company stock worth $3,384,688. Company 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.