BJ’s Restaurants (NASDAQ:BJRI) Director C Bradford Richmond Purchases 753 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Bradford Richmond purchased 753 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average cost of $63.25 per share, for a total transaction of $47,627.25. Following the completion of the acquisition, the director directly owned 35,500 shares of the company’s stock, valued at $2,245,375. This represents a 2.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BJ’s Restaurants Price Performance

Shares of BJ’s Restaurants stock traded down $1.53 during trading hours on Monday, reaching $63.59. The stock had a trading volume of 473,905 shares, compared to its average volume of 463,228. The stock’s 50 day moving average is $64.54 and its 200 day moving average is $49.05. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $74.60. The firm has a market capitalization of $1.35 billion, a PE ratio of 34.01, a PEG ratio of 1.96 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%.BJ’s Restaurants’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Equities analysts expect that BJ’s Restaurants, Inc. will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Restaurants

A number of hedge funds have recently added to or reduced their stakes in BJRI. CWM LLC raised its stake in shares of BJ’s Restaurants by 187.7% during the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in BJ’s Restaurants in the 2nd quarter valued at $28,000. Bard Associates Inc. acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter worth $30,000. Quarry LP boosted its holdings in shares of BJ’s Restaurants by 1,618.3% in the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 971 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in BJ’s Restaurants in the fourth quarter valued at about $63,000. 99.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BJRI has been the subject of several research reports. Mizuho set a $74.00 target price on BJ’s Restaurants in a research report on Friday, July 31st. Weiss Ratings upgraded shares of BJ’s Restaurants from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. William Blair raised BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Citigroup lifted their target price on shares of BJ’s Restaurants from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Benchmark raised their price objective on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.88.

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.