Heidi Rogers Sells 3,090 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CMO Heidi Rogers sold 3,090 shares of BJ’s Restaurants stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $53.21, for a total value of $164,418.90. Following the completion of the transaction, the chief marketing officer directly owned 9,265 shares of the company’s stock, valued at approximately $492,990.65. This trade represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BJ’s Restaurants Stock Performance

Shares of BJ’s Restaurants stock opened at $51.78 on Wednesday. BJ’s Restaurants, Inc. has a one year low of $28.46 and a one year high of $53.53. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.67 and a beta of 1.35. The business has a 50-day simple moving average of $42.11 and a 200 day simple moving average of $40.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $358.12 million for the quarter, compared to analyst estimates of $356.97 million. During the same period last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BJRI shares. Piper Sandler boosted 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. Weiss Ratings downgraded BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. DA Davidson started coverage on BJ’s Restaurants in a report on Friday, March 6th. They set a “neutral” rating and a $38.00 price objective for the company. Barclays decreased their price objective on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a report on Wednesday, May 6th. Finally, Benchmark boosted their price objective on BJ’s Restaurants from $48.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

Institutional Trading of BJ’s Restaurants

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJRI. CWM LLC increased its holdings in BJ’s Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares in the last quarter. Quarry LP increased its holdings in BJ’s Restaurants by 1,618.3% during the 3rd 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. GAMMA Investing LLC increased its holdings in BJ’s Restaurants by 39.3% during the 4th 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. Kemnay Advisory Services Inc. bought a new stake in BJ’s Restaurants during the 4th quarter worth approximately $63,000. Finally, US Bancorp DE increased its holdings in BJ’s Restaurants by 14.5% during the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 418 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

About BJ’s Restaurants

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.