SG Americas Securities LLC Decreases Stake in BJ's Restaurants, Inc. (NASDAQ:BJRI)

SG Americas Securities LLC trimmed its position in shares of BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,344 shares of the restaurant operator's stock after selling 10,009 shares during the quarter. SG Americas Securities LLC's holdings in BJ's Restaurants were worth $188,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BJRI. Quarry LP raised its position in shares of BJ's Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 719 shares during the last quarter. US Bancorp DE raised its position 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 last quarter. Walleye Capital LLC purchased a new position in shares of BJ's Restaurants in the 3rd quarter valued at approximately $216,000. Capstone Investment Advisors LLC purchased a new position in shares of BJ's Restaurants in the 3rd quarter valued at approximately $219,000. Finally, BNP Paribas Financial Markets raised its position in shares of BJ's Restaurants by 11.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator's stock valued at $220,000 after purchasing an additional 693 shares during the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BJ's Restaurants

In related news, insider Brian S. Krakower sold 2,313 shares of BJ's Restaurants stock in a transaction on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the sale, the insider now owns 5,339 shares of the company's stock, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on BJRI. Piper Sandler increased their price objective on shares of BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Gordon Haskett raised shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target for the company in a research report on Wednesday, January 8th. Oppenheimer lowered shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 7th. Barclays raised their price target on shares of BJ's Restaurants from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 7th. Finally, Wedbush reissued an "outperform" rating and set a $43.00 price target on shares of BJ's Restaurants in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.00.

BJ's Restaurants Stock Performance

Shares of NASDAQ BJRI traded down $0.34 during midday trading on Wednesday, reaching $34.63. 316,804 shares of the stock were exchanged, compared to its average volume of 220,997. The firm has a market cap of $790.26 million, a price-to-earnings ratio of 27.70, a PEG ratio of 1.78 and a beta of 2.11. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87. The firm has a 50-day simple moving average of $35.63 and a two-hundred day simple moving average of $33.93. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

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.