8,856 Shares in BJ’s Restaurants, Inc. $BJRI Bought by Inceptionr LLC

Inceptionr LLC purchased a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the first quarter, HoldingsChannel reports. The fund purchased 8,856 shares of the restaurant operator’s stock, valued at approximately $311,000.

Other institutional investors have also bought and sold shares of the company. CWM LLC increased its holdings in shares of BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after buying an additional 456 shares during the last quarter. Quarry LP lifted its holdings in shares of BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 971 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 265 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of BJ’s Restaurants in the 4th quarter valued at about $63,000. Finally, US Bancorp DE grew its position in BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 418 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Price Performance

BJRI stock opened at $68.85 on Tuesday. The stock has a market cap of $1.45 billion, a PE ratio of 34.77, a P/E/G ratio of 2.14 and a beta of 1.31. BJ’s Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $70.40. The company has a 50-day moving average price of $54.62 and a 200 day moving average price of $44.87. 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 (NASDAQ:BJRI) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts anticipate that BJ’s Restaurants, Inc. will post 2.23 earnings per share for the current year.

Insider Activity

In related news, EVP Gregory S. Lynds sold 6,201 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.86, for a total transaction of $346,387.86. Following the completion of the sale, the executive vice president directly owned 46,474 shares of the company’s stock, valued at approximately $2,596,037.64. This trade represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noah A. Elbogen sold 4,652 shares of the business’s stock in a transaction 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 transaction, the director owned 76,235 shares of the company’s stock, valued at approximately $4,116,690. The trade was a 5.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 63,817 shares of company stock valued at $3,384,688. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BJRI has been the topic of several analyst reports. Citigroup boosted their price objective on BJ’s Restaurants from $47.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Piper Sandler boosted their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Mizuho set a $60.00 price target on BJ’s Restaurants in a report on Friday. Finally, Benchmark raised their price target on BJ’s Restaurants from $50.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $49.38.

BJ’s Restaurants 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.