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.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

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

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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!