BJs RESTAURANTS INC — Form SCHEDULE 13D/A
Filed July 1, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 28/100
What the filing says
Patrick Walsh and affiliated entities (PW Partners LLC, Atlas Funds) sold 550,701 common shares between May and June 2026, reducing beneficial ownership from above 5% to 2.6% (550,701 shares of 21.2M outstanding). Major sales occurred June 18-20, 2026: Atlas Fund IV sold 468,000 shares at $53.06–$54.59/share; Patrick Walsh sold 75,437 shares June 4-24 at $41.61–$54.47/share. The sales were executed in open market transactions and through equity compensation exercises.
Why this rating
Large shareholder liquidation signals reduced confidence; however, 2.6% stake remains material. Event is routine for investment funds but noteworthy for insider conviction. Relative to $1B market cap, the ~$27M in proceeds is modest; no control/governance change.
View original filing on SEC.gov ↗
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