Victory Capital Management Inc. Has $1.85 Million Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

Victory Capital Management Inc. lessened its holdings in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,952 shares of the restaurant operator's stock after selling 19,386 shares during the quarter. Victory Capital Management Inc. owned 0.24% of BJ's Restaurants worth $1,848,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BJRI. JPMorgan Chase & Co. lifted its position in shares of BJ's Restaurants by 23.2% in the fourth quarter. JPMorgan Chase & Co. now owns 33,606 shares of the restaurant operator's stock worth $1,181,000 after purchasing an additional 6,322 shares in the last quarter. Headlands Technologies LLC acquired a new position in BJ's Restaurants during the fourth quarter worth $108,000. Integrated Quantitative Investments LLC acquired a new position in BJ's Restaurants during the fourth quarter worth $418,000. Wells Fargo & Company MN increased its holdings in BJ's Restaurants by 8.9% during the fourth quarter. Wells Fargo & Company MN now owns 33,417 shares of the restaurant operator's stock worth $1,174,000 after buying an additional 2,743 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in BJ's Restaurants by 147.9% during the fourth quarter. Invesco Ltd. now owns 259,977 shares of the restaurant operator's stock worth $9,134,000 after buying an additional 155,109 shares during the last quarter. Institutional investors own 99.95% of the company's stock.

Wall Street Analyst Weigh In

BJRI has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of BJ's Restaurants from $33.00 to $37.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Piper Sandler upped their price objective on shares of BJ's Restaurants from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Friday. Sanford C. Bernstein set a $33.00 price objective on shares of BJ's Restaurants and gave the company an "underweight" rating in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $38.80.

BJ's Restaurants Stock Performance

Shares of BJ's Restaurants stock traded down $1.26 during trading on Friday, reaching $34.17. The company's stock had a trading volume of 1,166,178 shares, compared to its average volume of 521,383. The business's 50-day moving average price is $42.78 and its 200-day moving average price is $38.11. The firm has a market cap of $755.70 million, a PE ratio of 28.71, a P/E/G ratio of 1.33 and a beta of 1.56. BJ's Restaurants, Inc. has a 52 week low of $27.61 and a 52 week high of $47.02. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.23.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.28. BJ's Restaurants had a net margin of 1.99% and a return on equity of 11.84%. The business had revenue of $365.60 million during the quarter, compared to analysts' expectations of $362.74 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. BJ's Restaurants's revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

Insider Transactions at BJ's Restaurants

In other news, Director Greg Trojan sold 146,102 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $44.63, for a total value of $6,520,532.26. Following the completion of the transaction, the director owned 19,896 shares of the company's stock, valued at approximately $887,958.48. This represents a 88.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian S. Krakower sold 3,738 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $44.32, for a total transaction of $165,668.16. Following the completion of the transaction, the insider directly owned 4,579 shares of the company's stock, valued at $202,941.28. This trade represents a 44.94% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

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.