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XTX Topco Ltd Takes Position in BJ's Restaurants, Inc. (NASDAQ:BJRI)

BJ's Restaurants logo with Retail/Wholesale background

Key Points

  • XTX Topco Ltd has acquired a new stake in BJ's Restaurants, purchasing 9,051 shares valued at approximately $310,000 in the first quarter of the year.
  • A significant majority, over 99.95%, of BJ's Restaurants stocks is held by institutional investors and hedge funds, indicating strong professional interest in the company.
  • The company recently announced earnings that surpassed expectations, reporting $0.97 EPS, exceeding the consensus estimate of $0.69 by $0.28, along with a revenue of $365.60 million.
  • Looking to export and analyze BJ's Restaurants data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

XTX Topco Ltd bought a new stake in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,051 shares of the restaurant operator's stock, valued at approximately $310,000.

Several other large investors also recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in BJ's Restaurants in the first quarter worth about $97,000. Two Sigma Securities LLC acquired a new position in BJ's Restaurants in the fourth quarter worth about $201,000. ProShare Advisors LLC acquired a new position in BJ's Restaurants in the fourth quarter worth about $203,000. Dark Forest Capital Management LP acquired a new position in BJ's Restaurants in the fourth quarter worth about $250,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in BJ's Restaurants in the first quarter worth about $254,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BJRI. Sanford C. Bernstein set a $33.00 target price on shares of BJ's Restaurants and gave the stock an "underweight" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler raised their target price on shares of BJ's Restaurants from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Benchmark raised shares of BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a report on Monday, August 4th. Finally, Barclays raised 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.67.

View Our Latest Stock Analysis on BJRI

Insider Activity at BJ's Restaurants

In other BJ's Restaurants news, Director Greg Trojan sold 146,102 shares of BJ's Restaurants stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $44.63, for a total transaction of $6,520,532.26. Following the transaction, the director directly owned 19,896 shares in the company, valued at approximately $887,958.48. The trade was a 88.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian S. Krakower sold 3,738 shares of BJ's Restaurants stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $44.32, for a total transaction of $165,668.16. Following the transaction, the insider owned 4,579 shares in the company, valued at approximately $202,941.28. The trade was a 44.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.

BJ's Restaurants Stock Performance

BJRI opened at $33.64 on Monday. The business's 50 day moving average is $41.78 and its 200-day moving average is $38.14. The stock has a market cap of $744.12 million, a PE ratio of 28.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59. The company has a current ratio of 0.04, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $47.02.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 EPS for the quarter, topping the consensus estimate of $0.69 by $0.28. BJ's Restaurants had a return on equity of 11.73% and a net margin of 1.99%. The firm had revenue of $365.60 million for the quarter, compared to analysts' expectations of $362.74 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current year.

About BJ's Restaurants

(Free Report)

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.

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Institutional Ownership by Quarter for BJ's Restaurants (NASDAQ:BJRI)

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.

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