SCHEDULE: Woodline Partners Discloses 4.6% Stake in BJ's Restaurants

Woodline Partners LP has reported beneficial ownership of 983,280 shares, representing 4.6% of BJ's Restaurants, Inc. common stock, as of March 31, 2026.

Summary

• Woodline Partners LP, acting as the investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP, has filed a Schedule 13G indicating beneficial ownership of 983,280 shares of BJ's Restaurants, Inc. common stock.
• This holding represents 4.6% of the company's outstanding common stock.
• The filing is an amendment (Amendment No. 1) and the event date requiring the filing is March 31, 2026.
• The shares are held directly by the Woodline Funds, and Woodline Partners LP exercises sole voting and dispositive power over these shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It represents a significant investment stake but does not provide operational or financial performance data for BJ's Restaurants, Inc. itself.

Positives

• Woodline Partners LP has taken a significant stake, holding 4.6% of BJ's Restaurants, Inc. common stock, which could signal confidence in the company's future prospects.
• The filing indicates that the shares were acquired and are held in the ordinary course of business, suggesting a standard investment strategy rather than a hostile takeover attempt.

Negatives

• The filing does not contain any negative financial results or operational challenges for BJ's Restaurants, Inc. itself, as it is a disclosure of beneficial ownership by an investment entity.

Risks

• The primary risk associated with this filing is the potential for increased volatility in BJ's Restaurants, Inc. stock due to the significant stake held by an investment entity, which could lead to further buying or selling activity.
• There is a general risk that the investment strategy of Woodline Partners LP could change, leading to a divestment of their stake, which could negatively impact the stock price.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from BJ's Restaurants, Inc. It is a disclosure of beneficial ownership by an investment entity.

Management Comments

• "This statement is filed by Woodline Partners LP ('Woodline Partners' or the 'Reporting Person'), a Delaware limited partnership, and the investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP (together, the 'Woodline Funds'), with respect to the shares of common stock, no par value per share ('Common Stock'), of BJ's Restaurants, Inc. (the 'Company') directly held by the Woodline Funds."
• "The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the shares of Common Stock reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that the filing of a Schedule 13G by Woodline Partners LP, an investment adviser, indicates a significant passive investment in BJ's Restaurants, Inc. This type of filing is common in the restaurant industry as institutional investors take positions in publicly traded companies.

Stakeholder Impact

• Shareholders: May see increased trading activity and potential price fluctuations due to the significant stake held by Woodline Partners LP.
• Management of BJ's Restaurants, Inc.: May need to engage with Woodline Partners LP regarding their investment strategy, although the filing indicates a passive intent.
• Potential Investors: This filing may attract attention from other investors looking to understand the ownership structure and potential influence of Woodline Partners LP.

Next Steps

• Woodline Partners LP will continue to monitor its investment in BJ's Restaurants, Inc.
• BJ's Restaurants, Inc. will continue its normal course of business operations.

Key Dates

Recommendation

This filing is a disclosure of beneficial ownership and does not contain operational or financial results for BJ's Restaurants, Inc. Therefore, a 'hold' recommendation is appropriate based solely on this document, as it does not provide sufficient information to warrant a buy or sell decision.

Keywords

BJ's Restaurants, Woodline Partners LP, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, SEC Filing, Securities Exchange Act, Woodline Funds