US Bancorp DE Increases Stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

US Bancorp DE grew its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 142.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,540 shares of the restaurant operator’s stock after purchasing an additional 906 shares during the quarter. US Bancorp DE’s holdings in BJ’s Restaurants were worth $50,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of BJ’s Restaurants during the second quarter valued at approximately $40,000. EntryPoint Capital LLC bought a new stake in shares of BJ’s Restaurants in the 1st quarter worth $45,000. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants in the second quarter worth $57,000. Headlands Technologies LLC lifted its holdings in shares of BJ’s Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of BJ’s Restaurants during the second quarter valued at $187,000. Institutional investors own 99.95% of the company’s stock.

Insider Activity

In other news, 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 directly owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 17.36 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian S. Krakower sold 2,313 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the sale, the insider now owns 5,339 shares in the company, 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 Down 1.5 %

Shares of BJ’s Restaurants stock opened at $35.81 on Monday. 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 200-day simple moving average is $33.67. 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 PE ratio of 28.65, a P/E/G ratio of 1.98 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last released its 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 company had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ’s Restaurants’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. As a group, equities analysts anticipate that BJ’s Restaurants, Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays decreased their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.