Today’s Stock On Watch: Christian Leone’s Luxor Capital Group Just Opened Huge Bjs Restaurants Inc Position

Today's Stock On Watch: Christian Leone's Luxor Capital Group Just Opened Huge Bjs Restaurants Inc Position

The New Christian Leone’s Luxor Capital Group Holding in Bjs Restaurants Inc

Luxor Capital Group filed with the SEC SC 13G form for Bjs Restaurants Inc. The form can be accessed here: 000101359416001234. As reported in Christian Leone’s Luxor Capital Group’s form, the filler as of late owns 9.9% or 2,414,713 shares of the Consumer Discretionary–company.

Bjs Restaurants Inc stake is a new one for the for the hedge fund and it was filed because of activity on September 29, 2016. We feel this shows Christian Leone’s Luxor Capital Group’s positive view for the stock. For a hedge fund managing $10.73 billion in assets and having 45+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Christian Leone’s Luxor Capital Group’s US equities portfolio is in this sector.

Bjs Restaurants Inc Institutional Sentiment

Latest Security and Exchange filings show 163 investors own Bjs Restaurants Inc. The institutional ownership in Q3 2015 is high, at 129.87% of the outstanding shares. This is increased by 9541262 the total institutional shares. 31389875 were the shares owned by these institutional investors. In total 28 funds opened new Bjs Restaurants Inc stakes, 61 increased stakes. There were 16 that closed positions and 56 reduced them.

Rothschild Investment Corp is an institutional investor bullish on Bjs Restaurants Inc, owning 162390 shares as of Q3 2015 for 0.92% of its portfolio. Oberweis Asset Management Inc owns 12300 shares or 0.15% of its portfolio. MA Contravisory Investment Management Inc have 0.04% of their stock portfolio for 4240 shares. Further, Interocean Capital Llc reported stake worth 0.20% of its US stock portfolio. The MN Arbor Capital Management Llc owns 80599 shares. Bjs Restaurants Inc is 0.77% of the manager’s US portfolio.

Business Profile

BJ’s Restaurants, Inc. owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert. Its craft beer is produced at various BJ’s Restaurant & Brewery locations, as well as by independent third-party brewers using its recipes. It owns and operates over 170 restaurants located in the over 20 states. The Company offers approximately 30 guest domestic and imported craft beers on tap, in addition to a selection of bottled beers in its restaurants. It also produces non-alcoholic craft sodas that are sold in its restaurants. Its craft sodas include root beer, cream, orange and black cherry soda. Its BJ’s Pizza & Grill restaurants are smaller format and full-service restaurants.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Christian Leone’s Luxor Capital Group website.

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.22, from 1.13 in 2016Q1. The ratio improved, as 14 funds sold all BJ’s Restaurants, Inc. shares owned while 49 reduced positions. 21 funds bought stakes while 64 increased positions. They now own 20.12 million shares or 3.38% less from 20.83 million shares in 2016Q1.

Invesco Limited last reported 1.02M shares in the company. Rhumbline Advisers has invested 0% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Doheny Asset Management Ca last reported 7,333 shares in the company. The New York-based Citigroup has invested 0% in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Millennium Mgmt Limited Liability Co has 0.04% invested in the company for 440,476 shares. Meeder Asset Inc has invested 0% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Creative Planning has invested 0% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Intrust Comml Bank Na reported 5,764 shares or 0.1% of all its holdings. Blackrock Ltd accumulated 30,135 shares or 0% of the stock. Wells Fargo Company Mn holds 44,274 shares or 0% of its portfolio. Jpmorgan Chase And Com accumulated 15,255 shares or 0% of the stock. Robeco Institutional Asset Management Bv last reported 11,340 shares in the company. Princeton Alpha Lp has invested 0.06% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Hbk Invs Lp accumulated 7,300 shares or 0% of the stock. Barclays Plc holds 0% or 36,137 shares in its portfolio.

Insider Transactions: Since May 2, 2016, the stock had 1 insider purchase, and 6 selling transactions for $4.07 million net activity. Another trade for 30,000 shares valued at $1.18 million was bought by Elbogen Noah A.. Shares for $3.21 million were sold by Luxor Capital Group – LP on Monday, September 26. PUCHNER ALEX also sold $419,717 worth of BJ’s Restaurants, Inc. (NASDAQ:BJRI) shares. On Wednesday, August 10 the insider DAL POZZO JAMES sold $214,533. Shares for $177,390 were sold by Ledwith Lon. 26,792 BJ’s Restaurants, Inc. (NASDAQ:BJRI) shares with value of $1.09 million were sold by BOUTS LARRY D.

Analysts await BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report earnings on October, 27. They expect $0.33 earnings per share, down 15.38% or $0.06 from last year’s $0.39 per share. BJRI’s profit will be $8.09M for 27.08 P/E if the $0.33 EPS becomes a reality. After $0.56 actual earnings per share reported by BJ’s Restaurants, Inc. for the previous quarter, Wall Street now forecasts -41.07% negative EPS growth.

About 33,286 shares traded hands. BJ’s Restaurants, Inc. (NASDAQ:BJRI) has declined 19.35% since February 29, 2016 and is downtrending. It has underperformed by 31.57% the S&P500.

BJ’s Restaurants, Inc. owns and operates restaurants. The company has a market cap of $876.79 million. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. It has a 18.46 P/E ratio. The Company’s menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Ratings Coverage

Out of 6 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. $62 is the highest target while $35 is the lowest. The $41.50 average target is 16.08% above today’s ($35.75) stock price. BJ’s Restaurants has been the topic of 9 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Tigress Financial given on Friday, June 24. The firm has “Neutral” rating by Wedbush given on Friday, September 9. The stock has “Sell” rating given by Stifel Nicolaus on Tuesday, July 26. The firm has “Outperform” rating given on Friday, February 19 by Wedbush. The stock of BJ’s Restaurants, Inc. (NASDAQ:BJRI) has “Perform” rating given on Monday, January 4 by Oppenheimer. The stock of BJ’s Restaurants, Inc. (NASDAQ:BJRI) has “Equal Weight” rating given on Wednesday, September 16 by Morgan Stanley. Barclays Capital maintained the stock with “Underweight” rating in Friday, October 23 report.

More notable recent BJ’s Restaurants, Inc. (NASDAQ:BJRI) news were published by: Fool.com which released: “Why BJ’s Restaurants, Inc. Stock Fell 11.4% in July” on August 08, 2016, also Fool.com with their article: “BJ’s Restaurants, Inc. Stock Up Big on Earnings: Key Takeaways” published on April 22, 2016, Finance.Yahoo.com published: “BJ’s Restaurants Riddled with Challenges: Should You Dump?” on September 26, 2016. More interesting news about BJ’s Restaurants, Inc. (NASDAQ:BJRI) were released by: Fool.com and their article: “Pizza Over Wings: BJ’s Restaurants Inc. Sizzles as Buffalo Wild Wings Cools Down” published on May 09, 2016 as well as Globenewswire.com‘s news article titled: “BJ’s Restaurants Opens in Valley Stream, New York” with publication date: September 27, 2016.

According to Zacks Investment Research, “BJ’s Restaurants Inc. owns and operates casual dining restaurants under the BJ’s Restaurant and Brewery, BJ’s Restaurant and Brewhouse or BJ’s Pizza & Grill brand names. BJ’s restaurants offer an innovative menu featuring award-winning, signature deep dish pizza complemented with generously portioned salads, sandwiches, soups, pastas, entrees and desserts. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience.”

BJRI Company Profile

BJ’s Restaurants, Inc., incorporated on September 13, 1991, owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. The Company’s menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert. The Company’s craft beer is produced at various BJ’s Restaurant & Brewery locations, as well as by independent third-party brewers using its recipes. The Firm owns and operates approximately 170 restaurants located in the over 20 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The Company’s BJ’s Pizza & Grill restaurants are smaller format, full-service restaurants relative to its BJ’s Restaurant & Brewhouse, and BJ’s Restaurant & Brewery locations. The Company’s BJ’s Grill restaurant is a slightly smaller footprint restaurant, compared to its BJ’s Restaurant & Brewhouse format, featuring all the amenities of its Brewhouse locations.

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