Barclays PLC Sells 381 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Barclays PLC cut its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,680 shares of the restaurant operator’s stock after selling 381 shares during the quarter. Barclays PLC owned approximately 0.41% of BJ’s Restaurants worth $3,019,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of BJ’s Restaurants by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock valued at $409,000 after acquiring an additional 300 shares during the period. BNP Paribas Financial Markets boosted its position in shares of BJ’s Restaurants by 11.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 693 shares in the last quarter. Quarry LP increased its stake in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 719 shares during the last quarter. ClariVest Asset Management LLC grew its position in BJ’s Restaurants by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock valued at $1,009,000 after acquiring an additional 780 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. 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 research report on Monday, November 4th. Barclays lowered their target price on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $38.57.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $34.85 on Tuesday. The stock has a market cap of $795.17 million, a price-to-earnings ratio of 27.88, a PEG ratio of 2.06 and a beta of 2.08. The firm’s 50-day simple moving average is $35.95 and its 200 day simple moving average is $33.91. BJ’s Restaurants, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS 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 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%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. As a group, research analysts anticipate that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the transaction, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.90% of the company’s stock.

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.