Y Intercept Hong Kong Ltd Acquires Shares of 15,735 BJ’s Restaurants, Inc. $BJRI

Y Intercept Hong Kong Ltd bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,735 shares of the restaurant operator’s stock, valued at approximately $552,000. Y Intercept Hong Kong Ltd owned 0.07% of BJ’s Restaurants as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its stake in shares of BJ’s Restaurants by 187.7% during the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 456 shares during the period. Quarry LP lifted its position in BJ’s Restaurants by 1,618.3% in the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 971 shares during the period. GAMMA Investing LLC lifted its position in BJ’s Restaurants by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in BJ’s Restaurants in the 4th quarter valued at approximately $63,000. Finally, US Bancorp DE boosted its holdings in BJ’s Restaurants by 14.5% in the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho dropped their target price on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Barclays reduced their price target on 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 upped their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Benchmark upped their price objective on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.00.

Insider Transactions at BJ’s Restaurants

In related news, EVP Kendra D. Miller sold 19,261 shares of BJ’s Restaurants stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.60, for a total transaction of $1,070,911.60. Following the completion of the transaction, the executive vice president directly owned 28,599 shares of the company’s stock, valued at approximately $1,590,104.40. The trade was a 40.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Noah A. Elbogen sold 4,652 shares of BJ’s Restaurants stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $54.00, for a total value of $251,208.00. Following the transaction, the director directly owned 76,235 shares of the company’s stock, valued at approximately $4,116,690. This represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,817 shares of company stock worth $3,384,688 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

BJ’s Restaurants Trading Up 0.2%

Shares of BJRI opened at $62.39 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average is $49.74 and its two-hundred day moving average is $43.11. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $63.67. The firm has a market capitalization of $1.31 billion, a P/E ratio of 31.51, a PEG ratio of 2.02 and a beta of 1.31.

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

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.