The increase is consistent with index rebalancing and passive fund flows. No activist intent is indicated. Monitor for any future conversion to a Schedule 13D, which would signal a change in investment approach.
Price Chart
Executive Summary
Vanguard Portfolio Management LLC filed an amended Schedule 13G reporting a 7.65% passive stake in BJ's Restaurants Inc as of September 30, 2026, up from the prior 5.15% disclosed by a related Vanguard entity on the same date. The increase is consistent with routine portfolio rebalancing by a large index fund manager and does not signal activist intent.
Key Financial Metrics
Key Facts
- Vanguard Portfolio Management LLC disclosed beneficial ownership of 1,627,924 shares of BJ's Restaurants Inc common stock as of September 30, 2026.
- The stake represents 7.65% of shares outstanding, up from a 5.15% stake reported by Vanguard Capital Management LLC in a separate filing on the same date.
- The filing is a passive investor update under Rule 13d-1(b), with no intent to influence control of the issuer.
- Vanguard Portfolio Management LLC exercises dispositive power over shares held by Vanguard funds and certain affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.
Financial Impact
Vanguard's stake increased by approximately 532,220 shares (from ~1,095,704 to 1,627,924), representing an additional ~2.5% of shares outstanding. At the current market cap of $1.3B, the incremental stake is valued at roughly $32.5M.
Risk Factors
- No material risks identified; this is a routine passive stake increase by a large index fund manager.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100121-26-001057 |
| Document: 0002100121-26-001057-index.html | 0002100121-26-001057 |
| Document: 0002100121-26-001057.txt | 0002100121-26-001057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $62.63 | awaiting T+5 | awaiting T+5 | $62.53 (−0.16%) |
Oct 30, 2026 2d ago | SC 13G | $63.33 | awaiting T+5 | awaiting T+5 | $62.53 (−1.26%) |
Oct 15, 2026 17d ago | Press Release | $59.38 | awaiting T+5 | awaiting T+5 | $62.53 (+5.30%) |
Oct 8, 2026 24d ago | SC 13G/A | $59.54 $60.22 | ▲ +1.14% | ▲ +1.42% | $62.53 (+5.02%) |
Aug 12, 2026 11w ago | Insider Cluster | $66.67 $64.23 | ▲ +3.66% | ▲ +1.70% | $62.53 (+6.21%) |
Aug 7, 2026 12w ago | Insider Cluster | $68.65 $66.27 | ▲ +3.47% | ▲ +3.42% | $62.53 (+8.91%) |
Aug 7, 2026 12w ago | Insider Cluster | $68.65 $66.27 | ▼ −3.47% | ▼ −3.42% | $62.53 (−8.91%) |
Jul 30, 2026 13w ago | Press Release | $67.61 $69.55 | ▲ +2.87% | ▼ −0.64% | $62.53 (−7.51%) |
Jun 23, 2026 18w ago | 8-K | $54.62 $60.69 | ▲ +11.11% | ▲ +9.41% | $62.53 (+14.48%) |
Jun 22, 2026 18w ago | Insider Cluster | $53.16 $59.38 | ▲ +11.70% | ▲ +10.69% | $62.53 (+17.63%) |
US Market Status
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