Is BJ’s Restaurants, Inc. (BJRI) Going to Burn These Hedge Funds?

Page 1 of 2

BJ’s Restaurants, Inc. (NASDAQ:BJRI) investors should be aware of an increase in enthusiasm from smart money of late.

In the financial world, there are tons of metrics shareholders can use to watch stocks. A duo of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can beat the S&P 500 by a healthy amount (see just how much).

BJ's Restaurants, Inc. (NASDAQ:BJRI)

Equally as integral, bullish insider trading sentiment is another way to break down the marketplace. Obviously, there are many motivations for a corporate insider to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the useful potential of this tactic if “monkeys” understand what to do (learn more here).

Keeping this in mind, it’s important to take a peek at the key action regarding BJ’s Restaurants, Inc. (NASDAQ:BJRI).

Hedge fund activity in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

In preparation for this quarter, a total of 10 of the hedge funds we track held long positions in this stock, a change of 67% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully.

Of the funds we track, Ken Griffin’s Citadel Investment Group had the largest position in BJ’s Restaurants, Inc. (NASDAQ:BJRI), worth close to $16 million, comprising less than 0.1%% of its total 13F portfolio. The second largest stake is held by Renaissance Technologies, managed by Jim Simons, which held a $11.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include Alexander Mitchell’s Scopus Asset Management, Dmitry Balyasny’s Balyasny Asset Management and John Fichthorn’s Dialectic Capital Management.

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Scopus Asset Management, managed by Alexander Mitchell, assembled the most outsized position in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Scopus Asset Management had 10.4 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also made a $3.7 million investment in the stock during the quarter. The other funds with brand new BJRI positions are John Fichthorn’s Dialectic Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and D. E. Shaw’s D E Shaw.

Insider trading activity in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Insider buying is most useful when the company we’re looking at has seen transactions within the past six months. Over the latest 180-day time period, BJ’s Restaurants, Inc. (NASDAQ:BJRI) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to BJ’s Restaurants, Inc. (NASDAQ:BJRI). These stocks are DineEquity Inc (NYSE:DIN), Sonic Corporation (NASDAQ:SONC), Bob Evans Farms Inc (NASDAQ:BOBE), AFC Enterprises, Inc. (NASDAQ:AFCE), and Krispy Kreme Doughnuts (NYSE:KKD). This group of stocks belong to the restaurants industry and their market caps are closest to BJRI’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!