BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its holdings in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 247.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,864 shares of the restaurant operator’s stock after acquiring an additional 1,328 shares during the quarter. Headlands Technologies LLC’s holdings in BJ’s Restaurants were worth $65,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RK Capital Management LLC lifted its holdings in shares of BJ’s Restaurants by 3.8% in the 4th quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock worth $12,301,000 after purchasing an additional 12,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BJ’s Restaurants by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock valued at $11,785,000 after buying an additional 4,163 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of BJ’s Restaurants by 2.0% during the second 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 acquiring an additional 5,976 shares during the period. TCW Group Inc. boosted its holdings in shares of BJ’s Restaurants by 8.7% during the fourth quarter. TCW Group Inc. now owns 149,578 shares of the restaurant operator’s stock valued at $5,386,000 after acquiring an additional 12,012 shares during the period. Finally, Panagora Asset Management Inc. grew 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 acquiring an additional 8,323 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Trading Up 1.2 %

Shares of BJ’s Restaurants stock opened at $31.37 on Tuesday. The business has a fifty day simple moving average of $31.80 and a 200-day simple moving average of $33.73. BJ’s Restaurants, Inc. has a fifty-two week low of $21.64 and a fifty-two week high of $38.87. The firm has a market cap of $733.52 million, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.44 and a beta of 2.12. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The company had revenue of $349.93 million during the quarter, compared to analyst estimates of $349.18 million. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that BJ’s Restaurants, Inc. will post 1.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO C Bradford Richmond acquired 2,500 shares of BJ’s Restaurants stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $29.40 per share, with a total value of $73,500.00. Following the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BJRI. Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research note on Thursday, August 29th. Barclays decreased their price objective on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Finally, Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, BJ’s Restaurants presently has a consensus rating of “Hold” and an average target price of $38.63.

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.