Capstone Investment Advisors LLC Makes New $219,000 Investment in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Capstone Investment Advisors LLC acquired a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,721 shares of the restaurant operator’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of BJ’s Restaurants during the 2nd quarter worth approximately $40,000. US Bancorp DE lifted its position 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 acquiring an additional 906 shares during the period. 1620 Investment Advisors Inc. bought a new position in BJ’s Restaurants during the second quarter worth $57,000. Headlands Technologies LLC grew its holdings in BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,328 shares during the period. Finally, nVerses Capital LLC bought a new stake in BJ’s Restaurants in the second quarter valued at $187,000. Institutional investors own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BJRI. Barclays reduced their target price on 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. Wedbush restated an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.57.

Insider Buying and Selling

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants 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 transaction, the insider now owns 5,339 shares of the company’s stock, valued at $190,068.40. This trade represents a 30.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Bradford Richmond purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at $497,007. The trade was a 17.36 % increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate insiders.

BJ’s Restaurants Stock Up 1.6 %

Shares of NASDAQ:BJRI opened at $38.44 on Friday. The business’s 50 day moving average is $34.90 and its 200 day moving average is $33.82. BJ’s Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $38.87. The stock has a market cap of $877.09 million, a price-to-earnings ratio of 30.75, a PEG ratio of 2.14 and a beta of 2.10. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analysts’ expectations 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 was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. On average, sell-side analysts forecast that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current fiscal year.

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.