Victory Capital Management Inc. Purchases 3,426 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Victory Capital Management Inc. boosted its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,285 shares of the restaurant operator’s stock after buying an additional 3,426 shares during the period. Victory Capital Management Inc. owned approximately 0.31% of BJ’s Restaurants worth $2,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter worth approximately $323,000. Olympiad Research LP purchased a new stake in BJ’s Restaurants during the third quarter valued at $469,000. Emerald Advisers LLC lifted its position in BJ’s Restaurants by 0.7% during 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 last quarter. US Bancorp DE grew its stake in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of BJ’s Restaurants by 15.0% in the 3rd quarter. New York State Teachers Retirement System now owns 34,097 shares of the restaurant operator’s stock worth $1,110,000 after buying an additional 4,440 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BJRI has been the subject of several recent research reports. Barclays dropped their price target 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. Piper Sandler lifted their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and a consensus price target of $38.57.

BJ’s Restaurants Stock Up 2.4 %

Shares of BJRI opened at $35.34 on Monday. BJ’s Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $38.87. The firm has a fifty day moving average price of $34.36 and a 200-day moving average price of $33.70. The firm has a market capitalization of $806.46 million, a P/E ratio of 28.27, a P/E/G ratio of 1.95 and a beta of 2.10. 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 issued 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). The business had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. BJ’s Restaurants’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS. Equities research analysts expect that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling at BJ’s Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the sale, the insider now owns 5,339 shares in the company, valued at $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the acquisition, the chief executive officer now owns 16,905 shares in the company, valued at $497,007. This trade represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.

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.