Courage Capital Management adds BJ's Restaurants (BJRI) to its portfolio

BJ's Restaurants (BJRI) : Courage Capital Management added new position in BJ's Restaurants during the most recent quarter end. The investment management firm now holds 96,510 shares of BJ's Restaurants which is valued at $4.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.BJ's Restaurants makes up approximately 4.24% of Courage Capital Management’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd added BJRI to its portfolio by purchasing 8,604 company shares during the most recent quarter which is valued at $375,048. BJ's Restaurants makes up approx 0.05% of Quadrature Capital Ltd’s portfolio. Spark Investment Management added BJRI to its portfolio by purchasing 22,300 company shares during the most recent quarter which is valued at $972,057. BJ's Restaurants makes up approx 0.10% of Spark Investment Management’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in BJRI by selling 54,415 shares or 68.46% in the most recent quarter. The Hedge Fund company now holds 25,074 shares of BJRI which is valued at $1.1 Million. BJ's Restaurants makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio. Alps Advisors Inc added BJRI to its portfolio by purchasing 9,780 company shares during the most recent quarter which is valued at $426,310.Quantbot Technologies Lp boosted its stake in BJRI in the latest quarter, The investment management firm added 5,549 additional shares and now holds a total of 8,451 shares of BJ's Restaurants which is valued at $376,915. BJ's Restaurants makes up approx 0.06% of Quantbot Technologies Lp’s portfolio.

BJ's Restaurants closed down -0.15 points or -0.34% at $43.54 with 1,23,019 shares getting traded on Wednesday. Post opening the session at $43.64, the shares hit an intraday low of $43.3 and an intraday high of $44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, BJ's Restaurants reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.40. The company had revenue of $243.40 million for the quarter, compared to analysts expectations of $244.93 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on BJ's Restaurants. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $63 .

BJ’s Restaurants Inc. owns and operates restaurants. The Company operates under the BJ’s Restaurant & Brewery BJ’s Restaurant & Brewhouse BJ’s Pizza & Grill and BJ’s Grill names. The Company owns and operates 158 restaurants. Its menu consists of deep-dish pizza craft beers and other beers as well as a range of appetizers entrees pastas sandwiches specialty salads and desserts including its Pizookie dessert. Its menu also includes starter salads handcrafted burgers sandwiches and tacos desserts lunch specials housemade soups and salads and gluten-free menu among others. Its Snacks and Small Bites menu category comprises small plate appetizers and salads and a lower calorie and better for you menu category called Enlightened Entrees. Its menu items include Kale and Roasted Brussels Sprout Salad its Cherry Chipotle Salmon its Mediterranean Chicken Pita Tacos and its Peanut Butter S’mores Pizookie. It also offers a range of wines and spirits and root beer soda.

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