Gregory Lynds Sells 25,350 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Free Report) EVP Gregory Lynds sold 25,350 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $67.47, for a total value of $1,710,364.50. Following the completion of the sale, the executive vice president owned 46,474 shares of the company’s stock, valued at approximately $3,135,600.78. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

BJ’s Restaurants Trading Up 3.0%

Shares of BJRI stock opened at $69.89 on Friday. BJ’s Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $74.60. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $58.56 and its two-hundred day moving average is $46.28. The company has a market cap of $1.49 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32.

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BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to analysts’ expectations of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. BJ’s Restaurants’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. Equities analysts predict that BJ’s Restaurants, Inc. will post 2.35 EPS for the current year.

Analyst Upgrades and Downgrades

BJRI has been the subject of a number of research analyst reports. Barclays cut their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research report on Wednesday, May 6th. William Blair raised BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Citigroup lifted their price objective on BJ’s Restaurants from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Piper Sandler increased their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Mizuho set a $74.00 target price on BJ’s Restaurants in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.88.

View Our Latest Stock Analysis on BJRI

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 456 shares in the last quarter. Quarry LP lifted its position in shares of BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 971 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of BJ’s Restaurants during the 4th quarter worth approximately $63,000. BNP Paribas Financial Markets grew its holdings in shares of BJ’s Restaurants by 77.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of BJ’s Restaurants by 5,341.1% during the first quarter. Fifth Third Bancorp now owns 3,047 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,991 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants Company Profile

(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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