Connor Clark & Lunn Investment Management Ltd. bought a new stake in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,119 shares of the restaurant operator's stock, valued at approximately $1,222,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of BJ's Restaurants as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. WINTON GROUP Ltd increased its position in BJ's Restaurants by 114.7% in the fourth quarter. WINTON GROUP Ltd now owns 74,958 shares of the restaurant operator's stock worth $2,953,000 after purchasing an additional 40,037 shares during the period. Legato Capital Management LLC acquired a new position in BJ's Restaurants during the 4th quarter valued at about $1,148,000. Landscape Capital Management L.L.C. bought a new position in shares of BJ's Restaurants in the 4th quarter valued at about $5,724,000. Burney Co. bought a new position in shares of BJ's Restaurants in the 1st quarter valued at about $3,990,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $3,107,000. 99.95% of the stock is owned by institutional investors.
BJ's Restaurants Stock Performance
Shares of BJ's Restaurants stock opened at $65.12 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The stock's 50-day moving average is $64.36 and its 200-day moving average is $48.91. BJ's Restaurants, Inc. has a one year low of $28.46 and a one year high of $74.60.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its earnings results on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. BJ's Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The firm had revenue of $388.89 million for the quarter, compared to analysts' expectations of $377.07 million. During the same quarter in the previous year, the business posted $0.97 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that BJ's Restaurants, Inc. will post 2.37 earnings per share for the current fiscal year.
Insider Buying and Selling
In other BJ's Restaurants news, Director Noah A. Elbogen sold 7,535 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $70.14, for a total transaction of $528,504.90. Following the completion of the sale, the director owned 71,655 shares of the company's stock, valued at $5,025,881.70. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kendra D. Miller sold 19,261 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.60, for a total transaction of $1,070,911.60. Following the completion of the transaction, the executive vice president owned 28,599 shares in the company, valued at approximately $1,590,104.40. This represents a 40.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 124,077 shares of company stock valued at $7,676,952 in the last ninety days. 2.40% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. William Blair upgraded shares of BJ's Restaurants from a "market perform" rating to an "outperform" rating in a report on Friday, July 17th. Piper Sandler upped their target price on shares of BJ's Restaurants from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Barclays cut their price target on BJ's Restaurants from $42.00 to $38.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 6th. DA Davidson set a $65.00 price target on BJ's Restaurants in a research report on Friday, July 31st. Finally, Weiss Ratings raised BJ's Restaurants from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, BJ's Restaurants presently has a consensus rating of "Hold" and a consensus target price of $56.88.
Read Our Latest Stock Report on BJRI
BJ's Restaurants Profile
(
Free Report)
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.
Further Reading
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