Landscape Capital Management L.L.C. Makes New Investment in BJ’s Restaurants, Inc. $BJRI

Landscape Capital Management L.L.C. purchased a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 108,768 shares of the restaurant operator’s stock, valued at approximately $6,606,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of BJ’s Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after buying an additional 418 shares in the last quarter. CWM LLC lifted its stake in BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 456 shares in the last quarter. Franklin Resources Inc. boosted its position in BJ’s Restaurants by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator’s stock worth $469,000 after acquiring an additional 494 shares during the last quarter. Bard Associates Inc. acquired a new position in BJ’s Restaurants during the 2nd quarter worth approximately $30,000. Finally, Diversified Trust Co grew its stake in shares of BJ’s Restaurants by 8.6% during the 1st quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 517 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Stock Up 3.9%

NASDAQ:BJRI opened at $66.76 on Friday. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $74.60. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.32. The company has a quick ratio of 0.22, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $63.10 and its two-hundred day moving average price is $48.11.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to analysts’ expectations of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. Equities research analysts expect that BJ’s Restaurants, Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Restaurants

In other BJ’s Restaurants news, EVP Kendra D. Miller sold 2,978 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $69.80, for a total value of $207,864.40. Following the completion of the sale, the executive vice president owned 25,621 shares in the company, valued at $1,788,345.80. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lea Anne Ottinger sold 2,792 shares of BJ’s Restaurants stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $53.50, for a total transaction of $149,372.00. Following the completion of the transaction, the director directly owned 39,701 shares of the company’s stock, valued at approximately $2,124,003.50. This trade represents a 6.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 131,601 shares of company stock valued at $8,033,014. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BJRI has been the topic of a number of recent research reports. William Blair upgraded shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. Mizuho set a $74.00 target price on shares of BJ’s Restaurants in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Restaurants in a research report on Friday, August 7th. Zacks Research upgraded shares of BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Citigroup increased their price objective on shares of BJ’s Restaurants from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $56.88.

BJ’s Restaurants Profile

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.