BJ’s Restaurants, Inc. (BJRI) CEO Greg Trojan Sells 16,993 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CEO Greg Trojan sold 16,993 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $74.62, for a total transaction of $1,268,017.66. Following the completion of the transaction, the chief executive officer now directly owns 66,783 shares of the company’s stock, valued at approximately $4,983,347.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Greg Trojan also recently made the following trade(s):

  • On Monday, August 27th, Greg Trojan sold 26,979 shares of BJ’s Restaurants stock. The shares were sold at an average price of $74.65, for a total transaction of $2,013,982.35.

NASDAQ BJRI traded down $2.45 on Monday, hitting $72.25. The company’s stock had a trading volume of 416,000 shares, compared to its average volume of 396,793. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44. BJ’s Restaurants, Inc. has a 1-year low of $28.00 and a 1-year high of $75.18. The stock has a market cap of $1.57 billion, a P/E ratio of 51.24, a price-to-earnings-growth ratio of 2.31 and a beta of 0.76.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.15. BJ’s Restaurants had a net margin of 5.35% and a return on equity of 15.76%. The firm had revenue of $287.63 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was up 8.2% on a year-over-year basis. analysts predict that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Monday, August 13th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, August 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 31.21%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of BJ’s Restaurants during the first quarter worth $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $230,000. Bessemer Group Inc. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $234,000. Teacher Retirement System of Texas acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $249,000. Finally, SG Americas Securities LLC acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $250,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of BJ’s Restaurants from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Stephens reissued a “buy” rating and issued a $70.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 20th. Maxim Group assumed coverage on shares of BJ’s Restaurants in a research note on Wednesday, August 22nd. They issued a “buy” rating and a $81.00 price objective for the company. BidaskClub downgraded shares of BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, Barclays increased their price objective on shares of BJ’s Restaurants from $47.00 to $49.00 and gave the company a “$63.80” rating in a research note on Wednesday, July 18th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.58.

About BJ’s Restaurants

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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

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