Rhumbline Advisers Decreases Stock Position in BJ’s Restaurants, Inc. $BJRI

Rhumbline Advisers cut its holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,731 shares of the restaurant operator’s stock after selling 632 shares during the period. Rhumbline Advisers owned about 0.28% of BJ’s Restaurants worth $2,149,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BJ’s Restaurants by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,774 shares of the restaurant operator’s stock valued at $379,000 after acquiring an additional 342 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of BJ’s Restaurants by 12.0% during the 1st quarter. Headlands Technologies LLC now owns 3,438 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 369 shares during the last quarter. US Bancorp DE increased its stake in shares of BJ’s Restaurants by 51.8% during the 1st quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator’s stock valued at $99,000 after acquiring an additional 985 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of BJ’s Restaurants by 14.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,617 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 1,732 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of BJ’s Restaurants during the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Buying and Selling

In related news, VP Alex Puchner sold 1,821 shares of BJ’s Restaurants stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $34.06, for a total value of $62,023.26. Following the transaction, the vice president owned 10,622 shares of the company’s stock, valued at approximately $361,785.32. This trade represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jacob Guild sold 9,521 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $35.51, for a total value of $338,090.71. Following the completion of the transaction, the chief accounting officer owned 3,803 shares in the company, valued at $135,044.53. This represents a 71.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,458 shares of company stock valued at $545,656. 4.30% of the stock is owned by corporate insiders.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $29.95 on Thursday. The firm’s 50-day simple moving average is $35.48 and its 200 day simple moving average is $37.56. The stock has a market cap of $662.61 million, a P/E ratio of 25.17, a P/E/G ratio of 1.02 and a beta of 1.37. BJ’s Restaurants, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $47.02. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. The firm had revenue of $365.60 million for the quarter, compared to analyst estimates of $362.74 million. BJ’s Restaurants had a return on equity of 11.73% and a net margin of 1.99%.BJ’s Restaurants’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Equities analysts expect that BJ’s Restaurants, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on BJRI shares. Benchmark raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Monday, August 4th. Piper Sandler increased their target price on shares of BJ’s Restaurants from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Barclays upped their price target on BJ’s Restaurants from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $39.67.

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.