BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 7,419 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 7,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.56, for a total transaction of $360,266.64. Following the transaction, the executive vice president directly owned 28,599 shares in the company, valued at approximately $1,388,767.44. The trade was a 20.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

BJ’s Restaurants Price Performance

Shares of BJRI opened at $51.82 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 26.17, a PEG ratio of 1.57 and a beta of 1.35. The firm’s 50 day moving average price is $41.13 and its 200 day moving average price is $40.28. 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, Inc. has a twelve month low of $28.46 and a twelve month high of $51.95.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data 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). The business had revenue of $358.12 million for the quarter, compared to the consensus estimate of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. BJ’s Restaurants’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. As a group, research analysts expect that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJRI has been the topic of several recent research reports. Barclays cut 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 report on Wednesday, May 6th. Weiss Ratings lowered shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Mizuho dropped their price target on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. DA Davidson began coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Piper Sandler lifted 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 report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.00.

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of BJ’s Restaurants by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares during the period. US Bancorp DE raised its position in shares of BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 418 shares during the period. CWM LLC raised its position in shares of BJ’s Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Franklin Resources Inc. raised its position in shares of BJ’s Restaurants by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator’s stock valued at $469,000 after purchasing an additional 494 shares during the period. Finally, Diversified Trust Co grew its stake in shares of BJ’s Restaurants by 8.6% in the first quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 99.95% of the company’s 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.