Great Lakes Advisors LLC cut its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI – Free Report) by 15.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,573 shares of the restaurant operator’s stock after selling 19,905 shares during the quarter. Great Lakes Advisors LLC owned 0.47% of BJ’s Restaurants worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Summit Global Investments boosted its position in BJ’s Restaurants by 87.3% in the 2nd quarter. Summit Global Investments now owns 14,797 shares of the restaurant operator’s stock valued at $471,000 after buying an additional 6,897 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in BJ’s Restaurants during the 1st quarter worth approximately $2,552,000. RK Capital Management LLC increased its holdings in BJ’s Restaurants by 3.3% during the 1st quarter. RK Capital Management LLC now owns 194,400 shares of the restaurant operator’s stock worth $5,665,000 after purchasing an additional 6,300 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of BJ’s Restaurants by 17.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,382 shares of the restaurant operator’s stock valued at $76,000 after buying an additional 359 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of BJ’s Restaurants by 12.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 460,529 shares of the restaurant operator’s stock valued at $13,420,000 after buying an additional 50,209 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $33.00 price target on shares of BJ’s Restaurants in a report on Wednesday, November 15th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a research report on Monday. Piper Sandler boosted their price objective on BJ’s Restaurants from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com started coverage on BJ’s Restaurants in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Barclays lowered their price target on BJ’s Restaurants from $31.00 to $23.00 and set an “underweight” rating for the company in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.20.
BJ’s Restaurants Stock Performance
BJRI opened at $30.88 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $25.34 and its 200-day moving average is $29.52. The stock has a market cap of $717.65 million, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.72 and a beta of 1.95. BJ’s Restaurants, Inc. has a twelve month low of $21.64 and a twelve month high of $37.83.
BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). BJ’s Restaurants had a return on equity of 4.37% and a net margin of 1.15%. The business had revenue of $318.64 million for the quarter, compared to analyst estimates of $325.54 million. On average, analysts predict that BJ’s Restaurants, Inc. will post 0.76 earnings per share for the current year.
About BJ’s Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.
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