Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bjs Restaurants Inc (BJRI)

190 + Investors. Track Smart Money conviction in BJRI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
3Q ▲
Buyers last Q
49%

Smart Money Signals — BJRI

Based on 191 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added BJRI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
191 hedge funds hold BJRI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BJRI is almost the same as a year ago (+4 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

99 buying103 selling
Last quarter: 103 funds reduced or exited vs 99 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~37 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 40 → 40 → 37 → 37. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 13% medium ■ 21% new
125 out of 191 hedge funds have held BJRI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +78% but shares only +4% — price-driven

Value
+78%
Shares
+3%
Last quarter: the total dollar value of institutional holdings rose +78%, but actual share count only changed +4%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~37 new funds/quarter

47 → 40 → 40 → 37 → 37 new funds/Q
New funds entering each quarter: 40 → 40 → 37 → 37. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 24% newcomers

■ 68% veterans ■ 9% 1-2yr ■ 24% new
Entry-cohort mix of 194 holders: 131 (68%) are 2+ year veterans, 17 entered 1–2 years ago, and 46 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
49 of 190 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in BJRI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BJRI

In 2026 Q2, 99 hedge funds were net buyers of BJRI (37 opened a new position, 62 added to an existing one), while 103 reduced or exited (67 trimmed, 36 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 59% of total institutional value in BJRI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 191.

Hedge Fund Ownership: BJRI

How many hedge funds hold BJRI — quarterly history vs. share price
Quarterly hedge fund ownership of BJRI vs. share price

Market Analysis: BJRI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BJRI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: BJRI
190 + Investors

Track Smart Money conviction in BJRI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 190 190 -
13F Shares 21M 20M 3.82%
Total Value $1.25B $698M 78.47%
New Positions 37 37 -
Increased Positions 62 72 -10
Closed Positions 36 29 +7
Reduced Positions 65 47 +18
Total Calls 3 3 -
Total Puts 1 1 -
PUT/CALL Ratio 0.33 0.33 Bullish

Statistics: BJRI

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

190 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BJRI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BJRI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Meros Investment Management, LP 2.77% 143,493 $8.7M
2 Cramer Rosenthal Mcglynn LLC 1.07% 348,656 $21.2M
3 Emerald Advisers, LLC 0.73% 513,574 $31.2M
4 Emerald Mutual Fund Advisers Trust 0.69% 322,573 $19.6M
5 VARCOV Co. 0.48% 20,706 $1.3M
6 Landscape Capital Management, L.L.C. 0.43% 108,768 $6.6M
7 Divisadero Street Capital Management, LP 0.36% 262,421 $15.9M
8 Blueshift Asset Management, LLC 0.35% 24,780 $1.5M
9 Burney Co/ 0.21% 126,268 $7.7M
10 Polymer Capital Management (US) LLC 0.20% 25,184 $1.5M
11 Bridgeway Capital Management, LLC 0.16% 147,007 $8.9M
12 Driehaus Capital Management LLC 0.11% 316,856 $19.2M
13 Somerset Trust Co 0.10% 5,913 $359K
14 Woodline Partners LP 0.10% 519,512 $31.6M
15 Dynamic Technology Lab Private Ltd 0.05% 3,491 $212K
16 1620 Investment Advisors, INC. 0.04% 1,152 $70K
17 Martingale Asset Management L P 0.04% 27,814 $1.7M
18 State of Wyoming 0.04% 6,464 $393K
19 Aquatic Capital Management LLC 0.03% 16,503 $1.0M
20 Trexquant Investment LP 0.03% 96,001 $5.8M
21 Ancora Advisors LLC 0.03% 28,960 $1.8M
22 Empowered Funds, LLC 0.03% 97,007 $5.9M
23 American Century Companies Inc 0.03% 1,031,478 $62.6M
24 Neuberger Berman Group LLC 0.03% 651,220 $39.6M
25 Marshall Wace, LLP 0.02% 513,427 $31.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Bjs Restaurants Inc (BJRI)

What does the Smart Money Trend signal show for BJRI?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added BJRI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BJRI?

More sellers than buyers — 49% buying: Last quarter: 103 funds reduced or exited vs 99 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BJRI holders?

Elite ownership — 59% AUM from top-100 funds: 49 of 190 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in BJRI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BJRI?

65% of holders stayed for 2+ years: 125 out of 191 hedge funds have held BJRI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →