BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by PEAK6 Investments LLC

PEAK6 Investments LLC trimmed its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 32.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,784 shares of the restaurant operator’s stock after selling 13,073 shares during the quarter. PEAK6 Investments LLC’s holdings in BJ’s Restaurants were worth $905,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in BJ’s Restaurants by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,021 shares of the restaurant operator’s stock worth $689,000 after buying an additional 936 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants in the second quarter valued at approximately $57,000. Louisiana State Employees Retirement System boosted its stake in shares of BJ’s Restaurants by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $409,000 after acquiring an additional 300 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of BJ’s Restaurants by 6.2% during the second quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock worth $4,949,000 after purchasing an additional 8,323 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in BJ’s Restaurants by 2.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after purchasing an additional 5,976 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Buying and Selling

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Bradford Richmond purchased 2,500 shares of BJ’s Restaurants stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $37.33 on Tuesday. The firm has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $33.81. The stock has a market cap of $851.87 million, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 2.18 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. BJ’s Restaurants, Inc. has a 1-year low of $27.61 and a 1-year high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last issued 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). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The business had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect that BJ’s Restaurants, Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BJRI shares. Wedbush reaffirmed an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Barclays lowered their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler raised 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.57.

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.