Christian Leone‘s Luxor Capital Group has reported owning 2.41 million shares of BJ’s Restaurants Inc (NASDAQ:BJRI), which account for 9.9% of the company’s outstanding common stock, through a 13G filing with the SEC. The fund’s current stake has been slightly reduced from the 2.50 million shares that Luxor Capital Group previously held, according to its 13F filing for the reporting period of June 30.
BJ’s Restaurants Inc (NASDAQ:BJRI), as the name suggests, is a restaurant chain, which runs BJ’s Restaurant & Brewhouse, BJ’s Grill Restaurant, BJ’s Restaurant & Brewery, and BJ’s Pizza & Grill. A few days ago, the company opened a second restaurant in the state of New York, which was also the 12th restaurant it has opened this year. Over the past 12 months, the company’s stock has lost 16.57%. For the second quarter of 2016, BJ’s Restaurants disclosed earnings per share of $0.56 and revenue of $250.33 million, both of which were below analysts’ estimates of $0.57 and $253.23 million, respectively. Recently, Wedbush downgraded its rating on BJ’s Restaurant’s to ‘Neutral’ from ‘Outperform’, and lowered its price target on the stock to $40 from $47, while Robert W. Baird reiterated its ‘Neutral’ rating on the stock.
There were 20 investors in our database long BJ’s Restaurants Inc (NASDAQ:BJRI) at the end of June, down by one from the end of March. Among the bullish investors were Jim Simons’ Renaissance Technologies, with a position valued at $23.49 million, Dmitry Balyasny’s Balyasny Asset Management, which held a position worth $20.13 million, Paul Marshall and Ian Wace’s Marshall Wace LLP, Ken Griffin’s Citadel Investment Group, and Richard C. Patton’s Courage Capital.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Luxor Capital Partners | 0 | 1,246,439 | 0 | 1,246,439 | 1,246,439 | 5.2% |
Luxor Wavefront | 0 | 205,175 | 0 | 205,175 | 205,175 | Less than 1% |
Luxor Capital Partners Offshore Master Fund | 0 | 963,099 | 0 | 963,099 | 963,099 | 4.0% |
Luxor Capital Partners Offshore, Ltd | 0 | 963,099 | 0 | 963,099 | 963,099 | 4.0% |
LCG Holdings | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
Luxor Capital Group | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
Luxor Management | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
Christian Leone | 0 | 2,414,713 | 0 | 2,414,713 | 2,414,713 | 9.9% |
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Page 1 of 18 – SEC Filing
Page 2 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
1,246,439 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
1,246,439 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
1,246,439 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
5.2% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 3 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Wavefront, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
205,175 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
205,175 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
205,175 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
Less than 1% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 4 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners Offshore Master Fund, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
963,099 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
963,099 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
963,099 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
4.0% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 5 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners Offshore, Ltd. | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
963,099 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
963,099 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
963,099 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
4.0% | |
12. | TYPE OF REPORTING PERSON |
CO |
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Page 6 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
LCG Holdings, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
2,414,713 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
2,414,713 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
2,414,713 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
9.9% | |
12. | TYPE OF REPORTING PERSON |
OO |
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Page 7 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Group, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
2,414,713 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
2,414,713 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
2,414,713 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
9.9% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 8 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Management, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
2,414,713 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
2,414,713 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
2,414,713 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
9.9% | |
12. | TYPE OF REPORTING PERSON |
OO |
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Page 9 of 18 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Christian Leone | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
United States | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
2,414,713 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
2,414,713 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
2,414,713 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
9.9% | |
12. | TYPE OF REPORTING PERSON |
IN |
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Page 10 of 18 – SEC Filing
Item 1(a). | Name of Issuer: |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
Item 2(a). | Name of Persons Filing: |
· | Luxor Capital Partners, LP, a Delaware limited partnership (the “Onshore Fund”); |
· | Luxor Wavefront, LP, a Delaware limited partnership (the “Wavefront Fund”); |
· | Luxor Capital Partners Offshore Master Fund, LP, a Cayman Islands limited partnership (the “Offshore Master Fund”); |
· | Luxor Capital Partners Offshore, Ltd., a Cayman Islands exempted company (the “Offshore Feeder Fund”); |
· | LCG Holdings, LLC, a Delaware limited liability company (“LCG Holdings”); |
· | Luxor Capital Group, LP, a Delaware limited partnership (“Luxor Capital Group”); |
· | Luxor Management, LLC, a Delaware limited liability company (“Luxor Management”); and |
· | Christian Leone, a United States citizen (“Mr. Leone”). |
Item 2(b). | Address of Principal Business Office or, if None, Residence: |
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Page 11 of 18 – SEC Filing
Item 2(c). | Citizenship: |
Item 2(d). | Title of Class of Securities: |
Item 2(e). | CUSIP Number: |
Item 3. | If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
(a) | [ ] | Broker or dealer registered under Section 15 of the Exchange Act. | |
(b) | [ ] | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
(c) | [ ] | Insurance company defined in Section 3(a)(19) of the Exchange Act. | |
(d) | [ ] | Investment company registered under Section 8 of the Investment Company Act. | |
(e) | [ ] | Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). | |
(f) | [ ] | Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). | |
(g) | [ ] | Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). | |
(h) | [ ] | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. | |
(i) | [ ] | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
(j) | [ ] | Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). | |
(k) | [ ] | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
(a) | Amount beneficially owned: |
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Page 12 of 18 – SEC Filing
(i) | The Onshore Fund beneficially owned 1,246,439 shares of Common Stock; |
(ii) | The Wavefront Fund beneficially owned 205,175 shares of Common Stock; |
(iii) | The Offshore Master Fund beneficially owned 963,099 shares of Common Stock. The Offshore Feeder Fund, as the owner of a controlling interest in the Offshore Master Fund, may be deemed to have beneficially owned the shares of Common Stock beneficially owned by the Offshore Master Fund; |
(iv) | LCG Holdings, as the general partner of the Onshore Fund, the Wavefront Fund and the Offshore Master Fund may be deemed to have beneficially owned the 2,414,713 shares of Common Stock beneficially owned by the Onshore Fund, the Wavefront Fund and the Offshore Master Fund; |
(v) | Luxor Capital Group, as the investment manager of the Funds, may be deemed to have beneficially owned 2,414,713 shares of Common Stock, beneficially owned by the Funds; |
(vi) | Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 2,414,713 shares of Common Stock beneficially owned by Luxor Capital Group; and |
(vii) | Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 2,414,713 shares of Common Stock beneficially owned by Luxor Management. |
(b) | Percent of Class: |
(i) | The Onshore Fund beneficially owned approximately 5.2% of the outstanding shares of Common Stock; |
(ii) | The Wavefront Fund beneficially less than 1% of the outstanding shares of Common Stock; |
(iii) | The Offshore Master Fund beneficially owned approximately 4.0% of the outstanding shares of Common Stock and the Offshore Feeder Fund may be deemed to have beneficially owned approximately 4.0% of the outstanding shares of Common Stock; and |
(iv) | Each of LCG Holdings, Luxor Capital Group, Luxor Management and Mr. Leone may be deemed to have beneficially owned approximately 9.9% of the outstanding shares of Common Stock. |
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote of Common Stock: |
(ii) | Shared power to vote or to direct the vote of Common Stock: |
(iii) | Sole power to dispose or to direct the disposition of Common Stock: |
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Page 13 of 18 – SEC Filing
(iv) | Shared power to dispose or to direct the disposition of Common Stock: |
Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
Item 10. | Certification. |
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Page 14 of 18 – SEC Filing
Dated: | September 29, 2016 |
LUXOR CAPITAL PARTNERS, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR WAVEFRONT, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |||
By: | Luxor Capital Group, LP, as Investment Manager | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL GROUP, LP | |||
By: | Luxor Management, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LCG HOLDINGS, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
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Page 15 of 18 – SEC Filing
LUXOR MANAGEMENT, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
/s/ Norris Nissim | |||
NORRIS NISSIM, as Agent for Christian Leone |
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Page 16 of 18 – SEC Filing
Dated: | September 29, 2016 |
LUXOR CAPITAL PARTNERS, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR WAVEFRONT, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |||
By: | Luxor Capital Group, LP, as Investment Manager | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL GROUP, LP | |||
By: | Luxor Management, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
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Page 17 of 18 – SEC Filing
LCG HOLDINGS, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR MANAGEMENT, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
/s/ Norris Nissim | |||
NORRIS NISSIM, as Agent for Christian Leone |