Landscape Capital Management L.L.C. Acquires 35,722 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Landscape Capital Management L.L.C. raised its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 75.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,800 shares of the restaurant operator’s stock after purchasing an additional 35,722 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in BJ’s Restaurants were worth $2,696,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in BJ’s Restaurants by 13.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock worth $11,150,000 after buying an additional 40,284 shares during the period. Victory Capital Management Inc. increased its position in shares of BJ’s Restaurants by 4.9% during the third quarter. Victory Capital Management Inc. now owns 73,285 shares of the restaurant operator’s stock worth $2,386,000 after acquiring an additional 3,426 shares during the period. Aigen Investment Management LP purchased a new position in shares of BJ’s Restaurants during the third quarter worth approximately $323,000. Olympiad Research LP bought a new stake in shares of BJ’s Restaurants during the third quarter valued at approximately $469,000. Finally, Emerald Advisers LLC boosted its holdings in shares of BJ’s Restaurants by 0.7% in the third quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock valued at $18,534,000 after purchasing an additional 4,009 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BJRI. Barclays decreased their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Piper Sandler upped their price objective 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. Finally, Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.57.

Insider Activity at BJ’s Restaurants

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

BJ’s Restaurants Trading Up 1.1 %

Shares of NASDAQ BJRI opened at $34.52 on Friday. The business has a fifty day moving average price of $34.17 and a 200 day moving average price of $33.69. BJ’s Restaurants, Inc. has a 1-year low of $27.61 and a 1-year high of $38.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market capitalization of $787.75 million, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.94 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the business posted ($0.16) earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that BJ’s Restaurants, Inc. will post 1.26 EPS for the current fiscal year.

BJ’s Restaurants Profile

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.