Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $346,387.86 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) EVP Gregory Lynds sold 6,201 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.86, for a total value of $346,387.86. Following the sale, the executive vice president owned 46,474 shares of the company’s stock, valued at approximately $2,596,037.64. The trade was a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BJ’s Restaurants Price Performance

BJRI stock opened at $54.62 on Thursday. The company has a market cap of $1.15 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. 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 stock has a 50-day moving average price of $44.09 and a two-hundred day moving average price of $41.27. BJ’s Restaurants, Inc. has a 12-month low of $28.46 and a 12-month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The firm had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. As a group, research analysts predict that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BJRI. Piper Sandler lifted their price target on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. 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. Citigroup cut their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Mizuho reduced their target price on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, DA Davidson initiated coverage on BJ’s Restaurants in a report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.00.

Check Out Our Latest Research Report on BJ’s Restaurants

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors and hedge funds have recently bought and sold shares of BJRI. CWM LLC grew its position in BJ’s Restaurants by 187.7% in the fourth 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. GAMMA Investing LLC lifted its position in shares of BJ’s Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 265 shares in the last quarter. Quarry LP lifted its position in shares of BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 971 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of BJ’s Restaurants in the fourth quarter valued at $63,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 valued at $103,000 after purchasing an additional 1,012 shares during the period. Hedge funds and other institutional investors 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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