Diversified Trust Co Makes New $212,000 Investment in BJ’s Restaurants, Inc. $BJRI

Diversified Trust Co bought a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,763 shares of the restaurant operator’s stock, valued at approximately $212,000.

Several other institutional investors also recently modified their holdings of the company. Nomura Holdings Inc. increased its stake in shares of BJ’s Restaurants by 103.2% during the 1st quarter. Nomura Holdings Inc. now owns 1,700,780 shares of the restaurant operator’s stock worth $58,269,000 after purchasing an additional 863,749 shares during the last quarter. American Century Companies Inc. increased its position in BJ’s Restaurants by 10.6% during the first quarter. American Century Companies Inc. now owns 773,535 shares of the restaurant operator’s stock worth $26,501,000 after buying an additional 74,101 shares during the last quarter. Woodline Partners LP increased its position in BJ’s Restaurants by 13.4% during the first quarter. Woodline Partners LP now owns 410,289 shares of the restaurant operator’s stock worth $14,057,000 after buying an additional 48,455 shares during the last quarter. Nuveen Asset Management LLC increased its position in BJ’s Restaurants by 45.4% during the fourth quarter. Nuveen Asset Management LLC now owns 243,267 shares of the restaurant operator’s stock worth $8,547,000 after buying an additional 75,936 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of BJ’s Restaurants by 49.8% during the 1st quarter. Raymond James Financial Inc. now owns 191,882 shares of the restaurant operator’s stock worth $6,574,000 after acquiring an additional 63,751 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BJRI has been the topic of a number of recent analyst reports. Wall Street Zen lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Sunday. Barclays upped their price objective on shares of BJ’s Restaurants from $33.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Piper Sandler upped their price target on shares of BJ’s Restaurants from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Benchmark upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.67.

Insiders Place Their Bets

In related news, VP Alex Puchner sold 1,821 shares of BJ’s Restaurants stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $34.06, for a total value of $62,023.26. Following the transaction, the vice president directly owned 10,622 shares of the company’s stock, valued at $361,785.32. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Heidi Rogers sold 4,116 shares of BJ’s Restaurants stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $35.36, for a total transaction of $145,541.76. Following the completion of the transaction, the senior vice president directly owned 7,144 shares in the company, valued at $252,611.84. This trade represents a 36.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,458 shares of company stock worth $545,656 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

BJ’s Restaurants Trading Down 0.1%

Shares of NASDAQ:BJRI opened at $30.63 on Thursday. The company has a market capitalization of $677.54 million, a P/E ratio of 25.74, a P/E/G ratio of 1.04 and a beta of 1.37. BJ’s Restaurants, Inc. has a 1 year low of $28.92 and a 1 year high of $47.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.38 and a quick ratio of 0.32. The business’s 50 day simple moving average is $34.40 and its 200 day simple moving average is $37.36.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly 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 business had revenue of $365.60 million for the quarter, compared to the consensus estimate of $362.74 million. BJ’s Restaurants had a return on equity of 11.73% and a net margin of 1.99%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, research analysts anticipate that BJ’s Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

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.