BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $162,317.25 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) EVP Brian Krakower sold 3,475 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $46.71, for a total value of $162,317.25. Following the transaction, the executive vice president directly owned 4,721 shares of the company’s stock, valued at approximately $220,517.91. This trade represents a 42.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $43.85 on Thursday. The stock has a fifty day simple moving average of $39.91 and a two-hundred day simple moving average of $39.83. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.99. The firm has a market cap of $921.73 million, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The firm had revenue of $358.12 million for the quarter, compared to the consensus estimate of $356.97 million. During the same period last year, the company posted $0.59 earnings per share. BJ’s Restaurants’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Institutional Investors Weigh In On BJ’s Restaurants

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of BJ’s Restaurants by 23.5% in the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after buying an additional 640,648 shares in the last quarter. UBS Group AG raised its position in shares of BJ’s Restaurants by 576.9% in the third quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock worth $44,326,000 after buying an additional 1,237,383 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BJ’s Restaurants by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,685 shares of the restaurant operator’s stock worth $39,125,000 after buying an additional 30,684 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of BJ’s Restaurants by 48.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after buying an additional 306,930 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of BJ’s Restaurants by 7.6% in the third quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock worth $27,078,000 after buying an additional 62,321 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

BJRI has been the topic of several recent research reports. Mizuho dropped their target price on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Piper Sandler increased their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Citigroup dropped their target price on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Benchmark increased their target price on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $42.00.

View Our Latest Report on BJRI

BJ’s Restaurants Company Profile

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BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.

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Insider Buying and Selling by Quarter for BJ's Restaurants (NASDAQ:BJRI)

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