Fund 1 Investments Amends BJ's Restaurants Stake

Ticker: BJRI · Form: SC 13D/A · Filed: Feb 21, 2024 · CIK: 1013488

Sentiment: neutral

Topics: insider-ownership, amendment, institutional-investor

Related Tickers: BJRI

TL;DR

**Fund 1 Investments just updated their BJRI stake, watch for potential moves!**

AI Summary

Fund 1 Investments, LLC filed an amended Schedule 13D/A on February 21, 2024, indicating a change in their beneficial ownership of BJ's Restaurants, Inc. (NASDAQ: BJRI) common stock. The filing, triggered by an event on February 16, 2024, updates their previous disclosure regarding their stake in the restaurant chain. Christopher P. Davis of Kleinberg, Kaplan, Wolff & Cohen, P.C. is authorized to receive notices for Fund 1 Investments, LLC.

Why It Matters

This filing signals a potential shift in a significant investor's position in BJ's Restaurants, which could influence market perception and future strategic decisions for the company.

Risk Assessment

Risk Level: low — This is an informational filing about a change in ownership, not an event that inherently carries high risk.

Key Players & Entities

FAQ

What is the purpose of this SC 13D/A filing?

This SC 13D/A is an amendment (Amendment No. 1) to a Schedule 13D, indicating a change in beneficial ownership information for Fund 1 Investments, LLC regarding BJ's Restaurants, Inc. common stock.

Who filed this Schedule 13D/A?

The Schedule 13D/A was filed by Fund 1 Investments, LLC, with a business address at 100 CARR 115, Unit 1900, Rincon, PR 00677.

What is the subject company of this filing?

The subject company is BJ's Restaurants, Inc., located at 7755 Center Avenue, Suite 300, Huntington Beach, CA 92647.

What is the CUSIP number for the class of securities involved?

The CUSIP number for the Common Stock, no par value, of BJ's Restaurants, Inc. is 09180C106.

When was the event that triggered this filing?

The event which required the filing of this statement occurred on February 16, 2024.

Filing Stats: 883 words · 4 min read · ~3 pages · Grade level 8.3 · Accepted 2024-02-21 18:39:54

Key Financial Figures

Filing Documents

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The total amount of funds used by the Reporting Person to make all purchases of Shares beneficially owned by the Reporting Person, as reported in Item 5(a,b) was $79,176,767.37. The source of funds for purchases of Shares by the Reporting Person is the working capital of the Funds.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) The aggregate percentage of Shares reported owned by the Reporting Person is based upon 23,236,999 Shares outstanding as of November 3, 2023, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2023. As of the close of business on the date hereof, the Reporting Person beneficially owned 2,568,476 Shares, constituting approximately 11.1% of all of the outstanding Shares. (b) The Reporting Person has sole power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 2,568,476 Shares held by the Funds. (c) During the past sixty (60) days, the Reporting Person has not entered into any transactions in the Shares except as set forth on Schedule 1 hereto. (d) Pleasant Lake Onshore Feeder Fund, LP has the right to receive or the power to direct the receipt of distributions or dividends from, or the proceeds from the transfer of, the reported securities. (e) Not Applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 6 of the Schedule 13D is hereby amended and restated in its entirety as follows: Not Applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in the Statement is true, complete and correct. Dated: February 21 , 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Benjamin C. Cable Chief Operating Officer SCHEDULE 1 Transactions in the Common Stock of the Issuer by Reporting Person During the Past 60 Days: Date Buy/Sell Security Approximate Price Per Share or Option, as Applicable 1 Number of Shares Bought/(Sold) or Underlying Options 12/29/2023 BUY Common Stock $36.8256 3,000 12/29/2023 SELL Common Stock $36.5400 (1,000) 12/29/2023 SELL Common Stock $36.2987 (3,860) 01/02/2024 BUY Common Stock $35.6473 5,500 01/02/2024 SELL Common Stock $35.1100 (500,000) 01/03/2024 BUY Common Stock $33.2533 41,100 01/04/2024 BUY Common Stock $32.6692 8,500 01/05/2024 BUY Common Stock $32.4747 17,960 01/08/2024 BUY Common Stock $33.1036 4,000 01/09/2024 BUY Common Stock $32.9149 44,771 01/10/2024 BUY Common Stock $32.7500 2,000 01/10/2024 BUY Common Stock $32.8281 7,600 01/11/2024 BUY Common Stock $32.3249 25,000 01/11/2024 BUY Common Stock $32.7814 4,500 01/11/2024 BUY Common Stock $31.9952 62,115 01/12/2024 BUY Common Stock $32.3874 20,000 01/12/2024 BUY Common Stock $31.8720 59,500 01/16/2024 BUY Common Stock $31.4445 25,000 01/17/2024 BUY Common Stock $30.5453 55,500 01/19/2024 BUY Common Stock $30.0000 900,000 2 01/31/2024 BUY Common Stock $35.3483 116,000 02/16/2024 BUY Common Stock $36.4077 250,000 1 Excluding any brokerage fees. 2 Exercise of options, no change in beneficial ownership number.

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