Headlands Technologies LLC Has $65,000 Stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Headlands Technologies LLC raised its position in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 247.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,864 shares of the restaurant operator’s stock after purchasing an additional 1,328 shares during the quarter. Headlands Technologies LLC’s holdings in BJ’s Restaurants were worth $65,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. RK Capital Management LLC grew its holdings in shares of BJ’s Restaurants by 3.8% during the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock valued at $12,301,000 after buying an additional 12,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in BJ’s Restaurants by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock valued at $11,785,000 after acquiring an additional 4,163 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of BJ’s Restaurants by 2.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after purchasing an additional 5,976 shares during the period. TCW Group Inc. increased its holdings in shares of BJ’s Restaurants by 8.7% in the 4th quarter. TCW Group Inc. now owns 149,578 shares of the restaurant operator’s stock valued at $5,386,000 after purchasing an additional 12,012 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in shares of BJ’s Restaurants by 6.2% in the second quarter. Panagora Asset Management Inc. now owns 142,622 shares of the restaurant operator’s stock worth $4,949,000 after purchasing an additional 8,323 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays dropped their price target on shares of BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Finally, Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and an average target price of $38.63.

Insider Transactions at BJ’s Restaurants

In other news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $29.40 per share, with a total value of $73,500.00. Following the acquisition, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.90% of the company’s stock.

BJ’s Restaurants Price Performance

Shares of BJ’s Restaurants stock opened at $31.37 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $31.80 and a 200-day simple moving average of $33.73. The stock has a market capitalization of $733.52 million, a price-to-earnings ratio of 31.37, a PEG ratio of 1.44 and a beta of 2.12. BJ’s Restaurants, Inc. has a 1-year low of $21.64 and a 1-year high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. BJ’s Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The firm had revenue of $349.93 million during the quarter, compared to the consensus estimate of $349.18 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts expect that BJ’s Restaurants, Inc. will post 1.42 earnings per share 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.