Dynamic Technology Lab Private Ltd Invests $2.06 Million in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Dynamic Technology Lab Private Ltd purchased a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 63,397 shares of the restaurant operator’s stock, valued at approximately $2,064,000. Dynamic Technology Lab Private Ltd owned 0.28% of BJ’s Restaurants as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 272 Capital LP purchased a new position in BJ’s Restaurants during the 2nd quarter worth $1,173,000. Rothschild Investment LLC purchased a new position in BJ’s Restaurants during the second quarter worth about $3,250,000. Landscape Capital Management L.L.C. lifted its position in BJ’s Restaurants by 75.9% in the third quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after purchasing an additional 35,722 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BJ’s Restaurants by 2.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after purchasing an additional 5,976 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in BJ’s Restaurants during the 2nd quarter worth approximately $187,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Transactions at BJ’s Restaurants

In other news, CEO C Bradford Richmond bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares in the company, valued at $497,007. The trade was a 17.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred 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 directly owns 5,339 shares of the company’s stock, valued at $190,068.40. The trade was a 30.23 % 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 Trading Up 5.3 %

NASDAQ:BJRI opened at $37.21 on Tuesday. BJ’s Restaurants, Inc. has a 52-week low of $27.61 and a 52-week high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $34.36 and a 200-day simple moving average of $33.71. The company has a market capitalization of $849.02 million, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.00 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 the consensus estimate of $0.02 by ($0.15). The company had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. On average, equities research analysts expect that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BJRI has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Piper Sandler raised their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, 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 research note on Friday, November 1st. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.57.

About BJ’s Restaurants

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.