Victory Capital Management Inc. Reduces Holdings in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Victory Capital Management Inc. reduced its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRIFree Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 308,751 shares of the restaurant operator’s stock after selling 8,109 shares during the period. Victory Capital Management Inc.’s holdings in BJ’s Restaurants were worth $7,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new stake in shares of BJ’s Restaurants in the 1st quarter worth approximately $30,000. Lazard Asset Management LLC bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth approximately $41,000. Allspring Global Investments Holdings LLC raised its holdings in shares of BJ’s Restaurants by 17.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,382 shares of the restaurant operator’s stock worth $76,000 after purchasing an additional 359 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of BJ’s Restaurants by 29.6% in the 1st quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 579 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Performance

BJRI stock opened at $35.55 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $824.76 million, a price-to-earnings ratio of 53.86, a P/E/G ratio of 1.88 and a beta of 2.13. BJ’s Restaurants, Inc. has a 12 month low of $21.64 and a 12 month high of $37.83. The firm has a 50 day moving average of $33.38 and a two-hundred day moving average of $30.09.

Analysts Set New Price Targets

A number of analysts recently commented on BJRI shares. CL King dropped their target price on shares of BJ’s Restaurants from $44.00 to $40.00 in a report on Tuesday, October 10th. Piper Sandler boosted their price target on shares of BJ’s Restaurants from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Oppenheimer boosted their price target on shares of BJ’s Restaurants from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Citigroup cut their price target on shares of BJ’s Restaurants from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Finally, Stephens restated an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.80.

Read Our Latest Analysis on BJ’s Restaurants

Insiders Place Their Bets

In other BJ’s Restaurants news, Director Peter A. Bassi sold 3,749 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $32.18, for a total value of $120,642.82. Following the completion of the sale, the director now directly owns 20,630 shares of the company’s stock, valued at $663,873.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 5,061 shares of company stock valued at $163,368 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.

BJ’s Restaurants Profile

(Free Report)

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. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.

Further Reading

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

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