BJ’s Restaurants (NASDAQ:BJRI) Director Sells $251,208.00 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) Director Noah Elbogen sold 4,652 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $54.00, for a total transaction of $251,208.00. Following the completion of the sale, the director owned 76,235 shares of the company’s stock, valued at $4,116,690. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BJ’s Restaurants Trading Up 2.7%

BJ’s Restaurants stock opened at $54.62 on Thursday. The stock has a 50-day simple moving average of $44.09 and a 200 day simple moving average of $41.27. The stock has a market capitalization of $1.15 billion, a P/E ratio of 27.59, a PEG ratio of 1.72 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. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $56.21.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings data 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). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The business had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same quarter in the prior year, the company earned $0.59 EPS. BJ’s Restaurants’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BJRI shares. Mizuho dropped their price target on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Citigroup reduced their price objective on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. DA Davidson started coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective on the stock. Weiss Ratings lowered shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Piper Sandler raised their target price on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

Check Out Our Latest Report on BJRI

Hedge Funds Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of BJ’s Restaurants by 23.5% during the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after purchasing an additional 640,648 shares during the period. UBS Group AG boosted its stake in BJ’s Restaurants by 576.9% in the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares during the period. Dimensional Fund Advisors LP grew its holdings in BJ’s Restaurants by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,114,685 shares of the restaurant operator’s stock valued at $39,125,000 after buying an additional 30,684 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BJ’s Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock valued at $28,557,000 after buying an additional 306,930 shares in the last quarter. Finally, American Century Companies Inc. increased its position in BJ’s Restaurants by 7.6% during the 3rd 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 during the period. 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.

Further Reading

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

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