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Versor Investments LP Takes Position in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

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Versor Investments LP purchased a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Rating) in the first quarter, Holdings Channel reports. The firm purchased 7,400 shares of the restaurant operator’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in BJ’s Restaurants by 56.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,070 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 385 shares during the last quarter. SG Americas Securities LLC bought a new stake in BJ’s Restaurants during the 1st quarter valued at $128,000. Inspire Investing LLC bought a new stake in BJ’s Restaurants during the 1st quarter valued at $237,000. Allspring Global Investments Holdings LLC bought a new stake in BJ’s Restaurants during the 4th quarter valued at $316,000. Finally, Jacob Asset Management of New York LLC raised its holdings in BJ’s Restaurants by 150.0% during the 4th quarter. Jacob Asset Management of New York LLC now owns 10,000 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 6,000 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors.

BJ’s Restaurants Stock Down 0.5 %

Shares of BJ’s Restaurants stock opened at $23.47 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.05 and a quick ratio of 0.33. The company has a 50-day moving average of $23.41 and a 200 day moving average of $26.84. The firm has a market cap of $550.11 million, a price-to-earnings ratio of -106.68, a PEG ratio of 18.61 and a beta of 1.93. BJ’s Restaurants, Inc. has a 1 year low of $20.15 and a 1 year high of $47.20.

BJ’s Restaurants (NASDAQ:BJRIGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.22). The business had revenue of $329.70 million during the quarter, compared to the consensus estimate of $328.02 million. BJ’s Restaurants had a negative return on equity of 1.08% and a negative net margin of 0.42%. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BJRI. Benchmark lowered their price target on shares of BJ’s Restaurants to $32.00 in a report on Friday, July 22nd. Citigroup upped their price target on shares of BJ’s Restaurants from $24.00 to $26.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BJ’s Restaurants from $40.00 to $28.00 and set a “maintains” rating for the company in a report on Monday, July 25th. Stephens decreased their price objective on shares of BJ’s Restaurants from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Finally, Wedbush upped their price objective on shares of BJ’s Restaurants from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, BJ’s Restaurants presently has an average rating of “Hold” and an average price target of $34.00.

About BJ’s Restaurants

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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. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

Further Reading

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