Aigen Investment Management LP Takes $323,000 Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Aigen Investment Management LP purchased a new position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,922 shares of the restaurant operator’s stock, valued at approximately $323,000.

Several other institutional investors have also bought and sold shares of BJRI. Louisiana State Employees Retirement System grew its stake in shares of BJ’s Restaurants by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $409,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund Corp grew its position in BJ’s Restaurants by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock worth $736,000 after purchasing an additional 390 shares in the last quarter. ClariVest Asset Management LLC increased its stake in BJ’s Restaurants by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock valued at $1,009,000 after buying an additional 780 shares during the last quarter. US Bancorp DE increased its stake in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 906 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of BJ’s Restaurants by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,021 shares of the restaurant operator’s stock worth $689,000 after buying an additional 936 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BJRI. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research report on Friday, November 1st. Piper Sandler increased their target price on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays lowered their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Finally, Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Trading Down 1.5 %

Shares of BJRI stock opened at $35.81 on Friday. BJ’s Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $38.87. The company’s fifty day simple moving average is $33.83 and its two-hundred day simple moving average is $33.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market capitalization of $817.18 million, a price-to-earnings ratio of 28.65, a PEG ratio of 2.04 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. As a group, analysts anticipate that BJ’s Restaurants, Inc. will post 1.29 earnings per share for the current year.

Insider Activity

In related news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Bradford Richmond bought 2,500 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares of the company’s stock, valued at $497,007. This represents a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is owned by company 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.