Woodline Partners LP Purchases 48,455 Shares of BJ's Restaurants, Inc. $BJRI

Key Points

• Woodline Partners LP increased its stake in BJ's Restaurants, Inc. by 13.4% in Q1, now holding 410,289 shares valued at approximately $14.06 million.
• BJ's Restaurants reported a quarterly earnings per share of $0.97, surpassing analyst estimates of $0.69, with revenues up 4.5% year-over-year.
• Institutional investors own 99.95% of BJ's Restaurants' stock, reflecting significant confidence from major financial players in the company's growth potential.

Woodline Partners LP boosted its position in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,289 shares of the restaurant operator's stock after acquiring an additional 48,455 shares during the quarter. Woodline Partners LP owned 1.86% of BJ's Restaurants worth $14,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BJ's Restaurants by 3.3% in the fourth 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 BJ's Restaurants by 12.0% in the first 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 boosted its position in BJ's Restaurants by 51.8% during the first quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator's stock valued at $99,000 after buying an additional 985 shares during the period. Russell Investments Group Ltd. boosted its position in BJ's Restaurants by 14.6% during the first quarter. Russell Investments Group Ltd. now owns 13,617 shares of the restaurant operator's stock valued at $467,000 after buying an additional 1,732 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in BJ's Restaurants during the first quarter valued at about $69,000. Institutional investors own 99.95% of the company's stock.

BJ's Restaurants Stock Performance

BJ's Restaurants stock opened at $31.25 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $36.88 and a 200-day moving average of $37.80. The firm has a market cap of $691.25 million, a P/E ratio of 26.26, a P/E/G ratio of 1.11 and a beta of 1.37. BJ's Restaurants, Inc. has a 1-year low of $27.89 and a 1-year high of $47.02.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. The company had revenue of $365.60 million during the quarter, compared to analyst estimates of $362.74 million. BJ's Restaurants had a net margin of 1.99% and a return on equity of 11.73%. BJ's Restaurants's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Sell-side analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.

Insider Transactions at BJ's Restaurants

In other news, SVP Heidi Rogers sold 4,116 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 7,144 shares in the company, valued at approximately $252,611.84. This represents a 36.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jacob Guild sold 9,521 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $35.51, for a total transaction of $338,090.71. Following the sale, the chief accounting officer owned 3,803 shares of the company's stock, valued at approximately $135,044.53. This represents a 71.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,458 shares of company stock worth $545,656. Company insiders own 4.30% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays upped their price target on shares of BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Wall Street Zen lowered shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Benchmark upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research report on Monday, August 4th. Finally, 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 report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.67.

BJ's Restaurants 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.

Want to see what other hedge funds are holding BJRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.