US Bancorp DE Buys 906 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

US Bancorp DE lifted its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 142.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,540 shares of the restaurant operator’s stock after buying an additional 906 shares during the period. US Bancorp DE’s holdings in BJ’s Restaurants were worth $50,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in BJ’s Restaurants in the second quarter valued at about $40,000. EntryPoint Capital LLC bought a new position in BJ’s Restaurants during the first quarter worth $45,000. 1620 Investment Advisors Inc. acquired a new position in BJ’s Restaurants in the second quarter valued at approximately $57,000. Headlands Technologies LLC boosted its stake in BJ’s Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,328 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Transactions at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This represents a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

BJ’s Restaurants Stock Down 1.5 %

BJRI opened at $35.81 on Monday. The company has a market cap of $817.18 million, a P/E ratio of 28.65, a P/E/G ratio of 1.98 and a beta of 2.10. BJ’s Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $38.87. The business’s 50-day moving average price is $33.83 and its 200-day moving average price is $33.67. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BJRI. Piper Sandler boosted their price objective on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Barclays reduced 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.57.

About BJ’s Restaurants

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.