Kendra Miller Sells 10,217 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) EVP Kendra Miller sold 10,217 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $69.31, for a total transaction of $708,140.27. Following the completion of the sale, the executive vice president directly owned 28,599 shares of the company’s stock, valued at approximately $1,982,196.69. This trade represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $69.55 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. The firm’s 50 day simple moving average is $59.01 and its 200-day simple moving average is $46.44. BJ’s Restaurants, Inc. has a one year low of $28.46 and a one year high of $74.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.25 and a current ratio of 0.29.

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

Wall Street Analysts Forecast Growth

BJRI has been the topic of a number of recent research reports. DA Davidson set a $65.00 price target on BJ’s Restaurants in a research report on Friday, July 31st. Piper Sandler lifted their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Benchmark upped their price objective on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. William Blair upgraded shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. Finally, Zacks Research raised shares of BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $56.88.

Read Our Latest Stock Analysis on BJ’s Restaurants

More BJ’s Restaurants News

Here are the key news stories impacting BJ’s Restaurants this week:

  • Positive Sentiment: Recent analyst actions remain supportive. Benchmark raised its price target from $68 to $80 and upgraded the stock to “Buy,” while William Blair moved BJRI to “Outperform.” Zacks also identified BJRI as a highly ranked value stock and included it among stocks benefiting from recent broker upgrades. Zacks value stock article Zacks broker upgrades article
  • Positive Sentiment: The latest quarterly results exceeded expectations: earnings per share were $0.94 versus the $0.90 consensus estimate, while revenue of $388.9 million surpassed forecasts of $377.1 million and increased 6.4% year over year. These results provide fundamental support for BJRI, although EPS was below $0.97 in the prior-year quarter.
  • Positive Sentiment: Several institutions increased their BJRI holdings during the first quarter, including Bank of America, which raised its position by 73.5%, and Royal Bank of Canada, which increased its stake by 238%. Institutional investors own approximately 99.95% of the shares.
  • Neutral Sentiment: Analyst opinion remains cautious overall. BJRI has an average “Hold” recommendation, with five Holds and two Sells compared with four Buy or Strong Buy ratings. The consensus price target is $56.88, below recent trading levels, although individual targets range as high as $80. Average Hold recommendation article
  • Negative Sentiment: Insiders have sold heavily as the stock trades near its 52-week high. EVP Gregory S. Lynds sold 21,704 shares on August 6 after selling 25,350 shares on August 3, reducing his holdings by 46.7% in the latest transaction. EVP Kendra D. Miller sold 10,217 shares on August 6 and another 2,978 shares on August 7, cutting her position by 10.4% in the latest sale. The transactions totaled roughly $4.1 million and may reinforce profit-taking concerns.

Institutional Trading of BJ’s Restaurants

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in shares of BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 456 shares in the last quarter. Quarry LP boosted its position in BJ’s Restaurants by 1,618.3% during 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new position in BJ’s Restaurants in the fourth quarter valued at about $63,000. US Bancorp DE grew its stake in BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 418 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in BJ’s Restaurants by 77.5% in the second 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. Institutional investors own 99.95% of the company’s stock.

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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