BJ’s Restaurants, Inc. (NASDAQ:BJRI) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lessened its stake in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 364,031 shares of the restaurant operator’s stock after selling 23,878 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in BJ’s Restaurants were worth $11,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in BJ’s Restaurants during the second quarter valued at approximately $40,000. EntryPoint Capital LLC purchased a new position in shares of BJ’s Restaurants during the 1st quarter valued at approximately $45,000. US Bancorp DE lifted its stake in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in BJ’s Restaurants during the second quarter worth $57,000. Finally, Headlands Technologies LLC boosted its holdings in BJ’s Restaurants by 247.8% during the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after buying an additional 1,328 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BJRI shares. Barclays cut their price objective 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. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond bought 2,500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $29.40 per share, with a total value of $73,500.00. Following the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at $497,007. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.90% of the stock is owned by corporate insiders.

BJ’s Restaurants Stock Down 8.4 %

BJRI stock opened at $33.99 on Friday. The stock has a market capitalization of $794.69 million, a P/E ratio of 27.86, a P/E/G ratio of 1.88 and a beta of 2.12. BJ’s Restaurants, Inc. has a 52 week low of $26.25 and a 52 week high of $38.87. The firm has a 50-day simple moving average of $32.88 and a 200-day simple moving average of $33.45. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. BJ’s Restaurants’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) EPS. Equities analysts forecast that BJ’s Restaurants, Inc. will post 1.42 earnings per share for the current fiscal year.

About BJ’s Restaurants

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.