Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love BJ’s Restaurants, Inc. (BJRI)?

Page 1 of 2

Concerns over a shift in Fed’s easy monetary policy have hit several hedge funds hard during the third quarter. A number of sectors are in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by more than 14 percentage points between June 25th and October 30th. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. We had been receiving indications that hedge funds were paring back their overall exposure and this is one of the factors behind the recent movements in the major indices. In this article, we will take a closer look at hedge fund sentiment towards BJ’s Restaurants, Inc. (NASDAQ:BJRI).

Is BJ’s Restaurants, Inc. (NASDAQ:BJRI) a great stock to buy now? Investors who are in the know are betting on the stock. The number of long hedge fund bets inched up by 1 lately. At the end of this article, we will also compare BJ’s Restaurants, Inc. (NASDAQ:BJRI) to other stocks, including Sturm, Ruger & Company (NYSE:RGR), Forum Energy Technologies Inc (NYSE:FET), and Forward Pharma A/S (NASDAQ:FWP) to get a better sense of its popularity.

Follow Bjs Restaurants Inc (NASDAQ:BJRI)
Trade (NASDAQ:BJRI) Now!

Today there are plenty of gauges stock traders put to use to appraise publicly traded companies. A pair of the most underrated gauges are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the best investment managers can outpace the S&P 500 by a solid amount (see the details here).

Keeping this in mind, let’s take a look at the recent action surrounding BJ’s Restaurants, Inc. (NASDAQ:BJRI).

How are hedge funds trading BJ’s Restaurants, Inc. (NASDAQ:BJRI)?

At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 7% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their stakes significantly (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Christian Leone’s Luxor Capital Group has the biggest position in BJ’s Restaurants, Inc. (NASDAQ:BJRI), worth close to $107.7 million, comprising 2.5% of its total 13F portfolio. Coming in second is John Overdeck and David Siegel of Two Sigma Advisors, with a $12.2 million position; 0.1% of its 13F portfolio is allocated to the company. Hedge funds and other institutional investors with similar optimism consist of Israel Englander’s Millennium Management, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Adam Wright and Gary Kohler’s Blue Clay Capital.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!