BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock Position Reduced by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Rating) by 12.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,371 shares of the restaurant operator’s stock after selling 1,683 shares during the period. Shell Asset Management Co.’s holdings in BJ’s Restaurants were worth $322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in BJ’s Restaurants by 56.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,070 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 385 shares during the last quarter. SG Americas Securities LLC acquired a new stake in BJ’s Restaurants in the first quarter valued at approximately $128,000. Versor Investments LP acquired a new stake in BJ’s Restaurants in the first quarter valued at approximately $209,000. Inspire Investing LLC acquired a new stake in BJ’s Restaurants in the first quarter valued at approximately $237,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $316,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of BJ’s Restaurants from $21.00 to $17.00 and set an “underweight” rating for the company in a research note on Friday, July 22nd. Citigroup boosted their price objective on shares of BJ’s Restaurants from $24.00 to $26.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BJ’s Restaurants from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 22nd. Stephens reduced their price objective on shares of BJ’s Restaurants from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, April 22nd. Finally, Wedbush boosted their price objective on shares of BJ’s Restaurants from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.09.

BJ’s Restaurants Trading Down 1.4 %

Shares of BJRI stock opened at $23.10 on Friday. BJ’s Restaurants, Inc. has a 1 year low of $20.15 and a 1 year high of $47.20. The firm’s fifty day simple moving average is $23.32 and its 200 day simple moving average is $26.62. The firm has a market capitalization of $541.79 million, a P/E ratio of -105.00, a price-to-earnings-growth ratio of 20.97 and a beta of 1.89. The company has a current ratio of 0.43, a quick ratio of 0.33 and a debt-to-equity ratio of 0.15.

BJ’s Restaurants (NASDAQ:BJRIGet Rating) last announced its earnings results on Thursday, July 21st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). The company had revenue of $329.70 million for the quarter, compared to the consensus estimate of $328.02 million. BJ’s Restaurants had a negative return on equity of 1.08% and a negative net margin of 0.42%. During the same period last year, the firm posted $0.26 EPS. As a group, sell-side analysts predict that BJ’s Restaurants, Inc. will post 0.08 EPS for the current year.

BJ’s Restaurants Profile

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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. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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Institutional Ownership by Quarter for BJ's Restaurants (NASDAQ:BJRI)

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