Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) Director Sells 2,792 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) Director Lea Anne Ottinger sold 2,792 shares of BJ’s Restaurants stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $53.50, for a total value of $149,372.00. Following the sale, the director owned 39,701 shares of the company’s stock, valued at approximately $2,124,003.50. This represents a 6.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BJ’s Restaurants Price Performance

BJRI stock traded up $0.17 during trading on Monday, hitting $54.72. The stock had a trading volume of 1,234,754 shares, compared to its average volume of 400,834. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.31. The company’s 50 day moving average price is $43.42 and its two-hundred day moving average price is $41.04. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $56.21.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $358.12 million for the quarter, compared to analyst estimates of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.BJ’s Restaurants’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share. On average, sell-side analysts forecast that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays decreased 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. Piper Sandler boosted their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. DA Davidson began coverage on BJ’s Restaurants in a research note on Friday, March 6th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, Mizuho decreased their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.00.

Get Our Latest Report on BJRI

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of BJ’s Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 456 shares during the period. Quarry LP grew its holdings in BJ’s Restaurants by 1,618.3% in 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 during the period. GAMMA Investing LLC grew its holdings in BJ’s Restaurants by 39.3% in 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 during the period. Kemnay Advisory Services Inc. acquired a new position in BJ’s Restaurants during the fourth quarter worth approximately $63,000. Finally, US Bancorp DE increased 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 worth $101,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

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

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