113,673 Shares in BJ’s Restaurants, Inc. $BJRI Bought by Burney Co.

Burney Co. bought a new position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 113,673 shares of the restaurant operator’s stock, valued at approximately $3,990,000.

Several other large investors have also recently bought and sold shares of BJRI. WINTON GROUP Ltd increased its stake in shares of BJ’s Restaurants by 114.7% in the fourth quarter. WINTON GROUP Ltd now owns 74,958 shares of the restaurant operator’s stock valued at $2,953,000 after buying an additional 40,037 shares during the period. Legato Capital Management LLC bought a new position in BJ’s Restaurants in the 4th quarter valued at approximately $1,148,000. Landscape Capital Management L.L.C. acquired a new stake in BJ’s Restaurants during the 4th quarter worth approximately $5,724,000. Lisanti Capital Growth LLC bought a new stake in BJ’s Restaurants during the 4th quarter worth approximately $3,107,000. Finally, SG Americas Securities LLC grew its holdings in BJ’s Restaurants by 31.4% during the 1st quarter. SG Americas Securities LLC now owns 22,750 shares of the restaurant operator’s stock worth $799,000 after acquiring an additional 5,441 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho dropped their price target on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Piper Sandler increased their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Benchmark lifted their target price on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays reduced their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.00.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $60.26 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $47.86 and its two-hundred day simple moving average is $42.55. BJ’s Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $62.07. The stock has a market capitalization of $1.27 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same period last year, the business posted $0.59 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Restaurants news, Director Noah A. Elbogen sold 4,652 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $54.00, for a total value of $251,208.00. Following the transaction, the director directly owned 76,235 shares of the company’s stock, valued at approximately $4,116,690. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lea Anne Ottinger sold 2,792 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $53.50, for a total value of $149,372.00. Following the transaction, the director owned 39,701 shares in the company, valued at $2,124,003.50. The trade was a 6.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,817 shares of company stock valued at $3,384,688 in the last 90 days. Company insiders own 4.90% of the company’s stock.

About BJ’s Restaurants

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.