Christian Leone‘s Luxor Capital Group has reported owning 2.41 million shares of BJ’s Restaurants Inc (NASDAQ:BJRI), which account for 9.9% of the company’s outstanding common stock, through a 13G filing with the SEC. The fund’s current stake has been slightly reduced from the 2.50 million shares that Luxor Capital Group previously held, according to its 13F filing for the reporting period of June 30.
BJ’s Restaurants Inc (NASDAQ:BJRI), as the name suggests, is a restaurant chain, which runs BJ’s Restaurant & Brewhouse, BJ’s Grill Restaurant, BJ’s Restaurant & Brewery, and BJ’s Pizza & Grill. A few days ago, the company opened a second restaurant in the state of New York, which was also the 12th restaurant it has opened this year. Over the past 12 months, the company’s stock has lost 16.57%. For the second quarter of 2016, BJ’s Restaurants disclosed earnings per share of $0.56 and revenue of $250.33 million, both of which were below analysts’ estimates of $0.57 and $253.23 million, respectively. Recently, Wedbush downgraded its rating on BJ’s Restaurant’s to ‘Neutral’ from ‘Outperform’, and lowered its price target on the stock to $40 from $47, while Robert W. Baird reiterated its ‘Neutral’ rating on the stock.
There were 20 investors in our database long BJ’s Restaurants Inc (NASDAQ:BJRI) at the end of June, down by one from the end of March. Among the bullish investors were Jim Simons’ Renaissance Technologies, with a position valued at $23.49 million, Dmitry Balyasny’s Balyasny Asset Management, which held a position worth $20.13 million, Paul Marshall and Ian Wace’s Marshall Wace LLP, Ken Griffin’s Citadel Investment Group, and Richard C. Patton’s Courage Capital.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Luxor Capital Partners | 0 | 1,246,439 | 0 | 1,246,439 | 1,246,439 | 5.2% |
| Luxor Wavefront | 0 | 205,175 | 0 | 205,175 | 205,175 | Less than 1% |
| Luxor Capital Partners Offshore Master Fund | 0 | 963,099 | 0 | 963,099 | 963,099 | 4.0% |
| Luxor Capital Partners Offshore, Ltd | 0 | 963,099 | 0 | 963,099 | 963,099 | 4.0% |
| LCG Holdings | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
| Luxor Capital Group | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
| Luxor Management | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
| Christian Leone | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
