BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $281,058.12 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Free Report) EVP Gregory Lynds sold 5,537 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.76, for a total transaction of $281,058.12. Following the sale, the executive vice president directly owned 46,474 shares of the company’s stock, valued at $2,359,020.24. The trade was a 10.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $52.62 on Monday. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $53.53. The firm has a 50 day moving average of $41.47 and a 200 day moving average of $40.40. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.70 and a beta of 1.35.

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BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last posted its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $356.97 million. During the same period in the previous year, the company earned $0.59 EPS. The company’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BJRI. DA Davidson began coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They set a “neutral” rating and a $38.00 target price for the company. Mizuho decreased their target price on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Benchmark raised their price target on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Citigroup decreased their price target on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.00.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of BJ’s Restaurants by 73.5% in the first quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator’s stock worth $11,393,000 after buying an additional 137,511 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of BJ’s Restaurants by 31.7% in the first quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator’s stock worth $693,000 after buying an additional 4,746 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of BJ’s Restaurants by 238.0% in the first quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator’s stock worth $572,000 after buying an additional 11,458 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of BJ’s Restaurants by 7.1% in the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator’s stock worth $3,761,000 after buying an additional 7,080 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of BJ’s Restaurants by 7.7% in the first quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator’s stock worth $581,000 after buying an additional 1,178 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

About BJ’s Restaurants

(Get Free Report)

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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