272 Capital LP Makes New Investment in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

272 Capital LP acquired a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,800 shares of the restaurant operator’s stock, valued at approximately $1,173,000. 272 Capital LP owned 0.14% of BJ’s Restaurants as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in BJRI. American Century Companies Inc. raised its stake in BJ’s Restaurants by 27.5% during the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after purchasing an additional 114,008 shares during the period. Verition Fund Management LLC lifted its stake in shares of BJ’s Restaurants by 298.7% in the 4th quarter. Verition Fund Management LLC now owns 141,556 shares of the restaurant operator’s stock valued at $5,097,000 after purchasing an additional 106,054 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter worth about $3,250,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in BJ’s Restaurants by 21.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock worth $10,716,000 after purchasing an additional 51,364 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in BJ’s Restaurants in the second quarter valued at approximately $1,228,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by insiders.

BJ’s Restaurants Stock Down 2.8 %

Shares of BJ’s Restaurants stock opened at $31.92 on Tuesday. BJ’s Restaurants, Inc. has a twelve month low of $21.64 and a twelve month high of $38.87. The stock has a market capitalization of $746.39 million, a price-to-earnings ratio of 31.92, a PEG ratio of 1.44 and a beta of 2.12. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $31.46 and its 200-day simple moving average is $33.56.

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

Wall Street Analysts Forecast Growth

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

BJ’s Restaurants Company 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.