Maverick Capital Ltd. Purchases Shares of 7,795 BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Maverick Capital Ltd. purchased a new stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,795 shares of the restaurant operator’s stock, valued at approximately $254,000.

Other large investors have also recently bought and sold shares of the company. 272 Capital LP bought a new position in BJ’s Restaurants in the 2nd quarter valued at $1,173,000. Rothschild Investment LLC bought a new position in BJ’s Restaurants in the 2nd quarter valued at $3,250,000. Landscape Capital Management L.L.C. boosted its holdings in BJ’s Restaurants by 75.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 82,800 shares of the restaurant operator’s stock valued at $2,696,000 after purchasing an additional 35,722 shares during the period. Eagle Asset Management Inc. bought a new position in BJ’s Restaurants in the 3rd quarter valued at $4,310,000. Finally, nVerses Capital LLC bought a new position in BJ’s Restaurants in the 2nd quarter valued at $187,000. 99.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Bradford Richmond acquired 2,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares of the company’s stock, valued at $497,007. The trade was a 17.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares in the company, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays cut their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Piper Sandler lifted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $38.44 on Monday. 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 company has a market capitalization of $877.20 million, a PE ratio of 30.75, a P/E/G ratio of 2.18 and a beta of 2.10. The firm has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $33.81. BJ’s Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted 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 business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) earnings per share. Research analysts expect that BJ’s Restaurants, Inc. will post 1.26 EPS for the current year.

BJ’s Restaurants Company Profile

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.