Geode Capital Management LLC Grows Stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Geode Capital Management LLC lifted its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,006 shares of the restaurant operator’s stock after purchasing an additional 5,075 shares during the quarter. Geode Capital Management LLC owned 2.16% of BJ’s Restaurants worth $16,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BJRI. Quarry LP raised its holdings in BJ’s Restaurants by 764.9% in the third quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock worth $26,000 after buying an additional 719 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in BJ’s Restaurants in the 2nd quarter worth approximately $40,000. US Bancorp DE lifted its position in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 906 shares in the last quarter. Headlands Technologies LLC boosted its stake in BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in BJ’s Restaurants during the 2nd quarter valued at $187,000. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Stock Down 2.5 %

BJRI stock opened at $34.74 on Monday. The company has a market cap of $792.66 million, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.06 and a beta of 2.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. The business’s 50-day moving average is $35.95 and its two-hundred day moving average is $33.93. BJ’s Restaurants, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last issued 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). The business had revenue of $325.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS. As a group, analysts forecast that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BJRI shares. Piper Sandler upped their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wedbush reissued an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. Finally, Barclays dropped their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Restaurants has an average rating of “Hold” and a consensus price target of $38.57.

Insiders Place Their Bets

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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.90% of the company’s stock.

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.