Gregory Lynds Sells 6,201 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Gregory Lynds sold 6,201 shares of BJ’s Restaurants 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 in the company, valued at $2,596,037.64. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

BJ’s Restaurants Stock Down 2.4%

BJ’s Restaurants stock opened at $53.40 on Wednesday. The firm has a 50 day moving average price of $43.74 and a 200-day moving average price of $41.15. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $56.21. The company has a market capitalization of $1.12 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.77 and a beta of 1.35.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS 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 company had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Institutional Trading of BJ’s Restaurants

A number of hedge funds have recently made changes to their positions in BJRI. UBS Group AG lifted its holdings in shares of BJ’s Restaurants by 576.9% in the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock worth $44,326,000 after acquiring an additional 1,237,383 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of BJ’s Restaurants by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock valued at $102,665,000 after purchasing an additional 640,648 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in BJ’s Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after purchasing an additional 306,930 shares during the period. Canada Pension Plan Investment Board bought a new stake in BJ’s Restaurants in the second quarter worth $13,380,000. Finally, Balyasny Asset Management L.P. purchased a new stake in BJ’s Restaurants during the fourth quarter valued at about $10,863,000. 99.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

BJRI has been the topic of a number of research reports. Benchmark boosted their price objective on BJ’s Restaurants from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler upped 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 note on Thursday, May 7th. DA Davidson initiated coverage on shares of BJ’s Restaurants in a report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, Mizuho reduced their price objective on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.00.

BJ’s Restaurants News Summary

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

• Negative Sentiment: Director Lea Anne Ottinger sold 2,792 shares at an average price of $53.50, trimming her stake by 6.57%. BJ’s Restaurants (NASDAQ:BJRI) Director Lea Anne Ottinger Sells 2,792 Shares of Stock
• Negative Sentiment: EVP Gregory S. Lynds sold 6,201 shares at an average price of $55.86, reducing his position by 11.77%. BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 6,201 Shares of Stock
• Negative Sentiment: Director Noah A. Elbogen sold 4,652 shares at an average price of $54.00, cutting his ownership by 5.75%. BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 4,652 Shares of Stock
• Negative Sentiment: EVP Brian S. Krakower sold 7,341 shares at an average price of $55.17, a 60.86% reduction in his holdings. BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 7,341 Shares
• Negative Sentiment: EVP Kendra D. Miller sold 19,261 shares at an average price of $55.60, trimming her stake by 40.24%. BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 19,261 Shares of Stock

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.