BJ’s Restaurants (NASDAQ:BJRI) Director Sells $193,744.65 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Noah Elbogen sold 4,049 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $47.85, for a total transaction of $193,744.65. Following the completion of the sale, the director directly owned 76,235 shares of the company’s stock, valued at $3,647,844.75. The trade was a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BJ’s Restaurants Price Performance

BJRI opened at $43.85 on Thursday. The company has a 50-day moving average of $39.91 and a 200-day moving average of $39.83. The company has a market capitalization of $921.73 million, a P/E ratio of 22.15, a PEG ratio of 1.44 and a beta of 1.35. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.99. 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 (NASDAQ:BJRI) last released its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The company had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same period in the previous year, the firm posted $0.59 EPS. BJ’s Restaurants’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts expect that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its position in BJ’s Restaurants by 73.5% in the 1st quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator’s stock worth $11,393,000 after purchasing an additional 137,511 shares during the last quarter. California State Teachers Retirement System grew its position in BJ’s Restaurants by 31.7% in the 1st quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator’s stock worth $693,000 after purchasing an additional 4,746 shares during the last quarter. Royal Bank of Canada grew its position in BJ’s Restaurants by 238.0% in the 1st quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator’s stock worth $572,000 after purchasing an additional 11,458 shares during the last quarter. Empowered Funds LLC grew its position in BJ’s Restaurants by 7.1% in the 1st quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator’s stock worth $3,761,000 after purchasing an additional 7,080 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in BJ’s Restaurants by 7.7% in the 1st quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator’s stock worth $581,000 after purchasing an additional 1,178 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BJRI shares. Citigroup dropped their price objective 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. DA Davidson started coverage on shares of BJ’s Restaurants in a research note on Friday, March 6th. They set a “neutral” rating and a $38.00 price objective on the stock. Piper Sandler increased their price objective 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. Mizuho dropped their price objective on shares of 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. Finally, Barclays dropped their price objective on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

BJ’s Restaurants Company Profile

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.