Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $1,070,911.60 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) EVP Kendra Miller sold 19,261 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.60, for a total value of $1,070,911.60. Following the sale, the executive vice president owned 28,599 shares of the company’s stock, valued at approximately $1,590,104.40. The trade was a 40.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BJ’s Restaurants Stock Performance

BJRI traded up $0.17 during midday trading on Monday, reaching $54.72. The company’s stock had a trading volume of 1,234,754 shares, compared to its average volume of 400,834. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $43.42 and a 200 day simple moving average of $41.04. The stock has a market cap of $1.15 billion, a P/E ratio of 27.64, a PEG ratio of 1.77 and a beta of 1.35. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $56.21.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last issued its quarterly 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). The business 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%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Research analysts expect 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 have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in BJ’s Restaurants by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 37,189 shares of the restaurant operator’s stock valued at $1,274,000 after buying an additional 5,013 shares in the last quarter. Caxton Associates LLP acquired a new position in BJ’s Restaurants during the first quarter worth $291,000. Russell Investments Group Ltd. lifted its holdings in shares of BJ’s Restaurants by 29.7% during the second quarter. Russell Investments Group Ltd. now owns 17,662 shares of the restaurant operator’s stock valued at $788,000 after acquiring an additional 4,045 shares during the period. Invesco Ltd. lifted its holdings in shares of BJ’s Restaurants by 22.5% during the second quarter. Invesco Ltd. now owns 291,957 shares of the restaurant operator’s stock valued at $13,021,000 after acquiring an additional 53,574 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of BJ’s Restaurants by 0.9% in the 2nd quarter. First Trust Advisors LP now owns 71,617 shares of the restaurant operator’s stock valued at $3,194,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays decreased their price target 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. Mizuho cut their price objective 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. Citigroup reduced their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Piper Sandler lifted 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. Finally, DA Davidson started 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. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $42.00.

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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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