Major Investor PW Partners Reduces Stake Below 5% After Selling ~$30M in Shares
BJRI has more than doubled off its 52-week low of $28.46 on light trading volume (0.1× avg).
Summary
PW Partners and its affiliates, including Patrick Walsh, have sold approximately $30 million in BJRI shares, reducing their beneficial ownership to 2.6% and falling below the 5% reporting threshold.
Key Events · Ownership and Investor Activity · BJRI
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Major Stake Reduction
PW Partners and its affiliates, including Patrick Walsh, have reduced their beneficial ownership in BJ's Restaurants to approximately 2.6% of outstanding shares.
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Significant Share Sales
The reporting persons sold approximately 558,237 common shares for a total value of about $29.97 million over the past 60 days.
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Below 5% Threshold
As a result of these sales, the reporting persons are no longer beneficial owners of more than five percent of the company's outstanding common shares.
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Sales Near 52-Week Highs
A significant portion of the sales occurred as the stock traded at elevated levels, approaching its 52-week high.
Analysis · BJRI · Trade & Services
PW Partners, including its Managing Member Patrick Walsh, has significantly reduced its beneficial ownership in BJ's Restaurants, selling approximately $30 million worth of shares over the past two months. This series of transactions, occurring as the stock approached its 52-week highs, has brought their aggregate ownership below the 5% threshold, indicating a substantial reduction in their investment and potentially signaling a loss of conviction from a previously significant shareholder.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 39.9% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BJRI was trading at $61.20 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $28.46 to $61.55. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.