Landscape Capital Management L.L.C. Grows Stock Holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Landscape Capital Management L.L.C. increased its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 75.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,800 shares of the restaurant operator’s stock after buying an additional 35,722 shares during the period. Landscape Capital Management L.L.C. owned 0.36% of BJ’s Restaurants worth $2,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Advisers LLC grew its stake in shares of BJ’s Restaurants by 0.7% in the third quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after acquiring an additional 4,009 shares during the last quarter. American Century Companies Inc. increased its stake in BJ’s Restaurants by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after purchasing an additional 114,008 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BJ’s Restaurants by 13.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock worth $11,150,000 after buying an additional 40,284 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of BJ’s Restaurants by 6.2% during the second quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock valued at $4,949,000 after buying an additional 8,323 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $3,250,000. Institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

BJRI has been the topic of several recent analyst reports. Barclays cut their target price on 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. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Piper Sandler boosted their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Price Performance

NASDAQ BJRI opened at $34.52 on Friday. 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 firm has a market capitalization of $787.75 million, a P/E ratio of 27.62, a PEG ratio of 1.94 and a beta of 2.10. The company has a 50-day moving average price of $34.17 and a 200-day moving average price of $33.69. BJ’s Restaurants, Inc. has a 52 week low of $27.61 and a 52 week high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) earnings per share. Equities research analysts anticipate that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the transaction, the insider now directly owns 5,339 shares in the company, valued at $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Bradford Richmond acquired 2,500 shares of BJ’s Restaurants stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the purchase, the chief executive officer now owns 16,905 shares of the company’s stock, valued at approximately $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 insiders.

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.