Kendra Miller Sells 7,419 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Free Report) EVP Kendra Miller sold 7,419 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.56, for a total transaction of $360,266.64. Following the completion of the transaction, the executive vice president directly owned 28,599 shares in the company, valued at approximately $1,388,767.44. This trade represents a 20.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BJ’s Restaurants Stock Performance

BJ’s Restaurants stock opened at $52.62 on Friday. The firm’s 50 day simple moving average is $41.47 and its 200-day simple moving average is $40.36. The company has a market cap of $1.11 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25. BJ’s Restaurants, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $53.53.

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BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last released its earnings results 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). The firm had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. As a group, equities research analysts predict that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in BJ’s Restaurants by 187.7% during the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 456 shares in the last quarter. Quarry LP grew its position in BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 971 shares in the last quarter. GAMMA Investing LLC grew its position in BJ’s Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in BJ’s Restaurants during the fourth quarter valued at approximately $63,000. Finally, US Bancorp DE grew its position in BJ’s Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 418 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BJRI. Weiss Ratings downgraded shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. DA Davidson began coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 target price on the stock. Barclays dropped their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Benchmark lifted their target price on shares of 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, Citigroup dropped their target price on shares of 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. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.

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About BJ’s Restaurants

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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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