Courage Capital Management Lowers stake in BJ's Restaurants (BJRI)

BJ's Restaurants (BJRI) : Courage Capital Management reduced its stake in BJ's Restaurants by 14.6% during the most recent quarter end. The investment management company now holds a total of 82,415 shares of BJ's Restaurants which is valued at $3,247,151 after selling 14,095 shares in BJ's Restaurants , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.BJ's Restaurants makes up approximately 3.18% of Courage Capital Management’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in BJRI by selling 84 shares or 72.41% in the most recent quarter. The Hedge Fund company now holds 32 shares of BJRI which is valued at $1,261.Blackrock Advisors reduced its stake in BJRI by selling 18,160 shares or 60.26% in the most recent quarter. The Hedge Fund company now holds 11,975 shares of BJRI which is valued at $429,304. Quadrant Capital Group sold out all of its stake in BJRI during the most recent quarter. The investment firm sold 22 shares of BJRI which is valued $745. Advocacy Wealth Management Services sold out all of its stake in BJRI during the most recent quarter. The investment firm sold 650 shares of BJRI which is valued $23,023.

BJ's Restaurants opened for trading at $38.35 and hit $38.8 on the upside on Monday, eventually ending the session at $38.5, with a gain of 0.52% or 0.2 points. The heightened volatility saw the trading volume jump to 4,23,645 shares. Company has a market cap of $895 M.

On the company’s financial health, BJ's Restaurants reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $0.33. The company had revenue of $233.70 million for the quarter, compared to analysts expectations of $239.42 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on BJ's Restaurants. Shares were Reiterated by Wedbush on Oct 20, 2016 to “Neutral” and Lowered the Price Target to $ 34 from a previous price target of $40 .Shares were Reiterated by Stifel on Oct 20, 2016 to “Sell” and Lowered the Price Target to $ 30 from a previous price target of $35 .Shares were Reiterated by Barclays on Oct 20, 2016 to “Underweight” and Lowered the Price Target to $ 32 from a previous price target of $38 .

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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