BJ’s Restaurants, Inc. $BJRI Shares Newly Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,855 shares of the restaurant operator’s stock, valued at approximately $3,658,000. Lisanti Capital Growth LLC owned approximately 0.30% of BJ’s Restaurants at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in BJ’s Restaurants in the second quarter valued at approximately $28,000. Bard Associates Inc. purchased a new position in BJ’s Restaurants in the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new position in BJ’s Restaurants in the 2nd quarter worth approximately $31,000. Signaturefd LLC increased its holdings in shares of BJ’s Restaurants by 34.8% in the 3rd quarter. Signaturefd LLC now owns 774 shares of the restaurant operator’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of BJ’s Restaurants by 275.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,936 shares of the restaurant operator’s stock worth $111,000 after buying an additional 1,421 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, Director C Richmond acquired 753 shares of the stock in a transaction dated Monday, August 31st. The stock was purchased at an average cost of $63.25 per share, for a total transaction of $47,627.25. Following the acquisition, the director owned 35,500 shares in the company, valued at $2,245,375. The trade was a 2.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BJRI. DA Davidson set a $65.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 31st. Wall Street Zen upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Benchmark upped their target price on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Citigroup reduced their target price on BJ’s Restaurants from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Finally, William Blair upgraded BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BJ’s Restaurants presently has a consensus rating of “Hold” and an average target price of $62.00.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $57.15 on Thursday. The business has a 50 day moving average of $59.78 and a 200 day moving average of $51.49. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.66 and a beta of 1.46. BJ’s Restaurants, Inc. has a 1-year low of $33.36 and a 1-year high of $74.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.26 and a quick ratio of 0.22.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, November 5th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.16. BJ’s Restaurants had a return on equity of 14.17% and a net margin of 3.13%. The business had revenue of $358.63 million during the quarter, compared to analyst estimates of $346.68 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. BJ’s Restaurants’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that BJ’s Restaurants, Inc. will post 2.38 earnings per share for the current fiscal year.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc. operates casual-dining restaurants under the BJ’s Restaurant & Brewhouse name. The company traces its roots to 1978, when it began as BJ’s Chicago Pizzeria in California. Its menu includes deep-dish and other pizzas, burgers, salads, pasta, ribs, appetizers and desserts, including its signature Pizookie. Restaurants also offer a selection of handcrafted beers alongside other beverages. BJ’s serves guests through restaurants in multiple U.S. states, with locations combining a broad food menu and beer offerings in a casual dining setting.