BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $1,070,911.60 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 19,261 shares of BJ’s Restaurants stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.60, for a total transaction of $1,070,911.60. Following the transaction, the executive vice president directly owned 28,599 shares of the company’s stock, valued at $1,590,104.40. This represents a 40.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock traded up $0.17 during trading hours on Monday, hitting $54.72. 1,234,754 shares of the stock were exchanged, compared to its average volume of 400,834. The stock has a market capitalization of $1.15 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.77 and a beta of 1.35. The business’s 50-day moving average is $43.42 and its two-hundred day moving average is $41.04. 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 12 month low of $28.46 and a 12 month high of $56.21.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The firm had revenue of $358.12 million during 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%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts expect that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Restaurants

Several large investors have recently made changes to their positions in BJRI. CWM LLC grew its position in shares of 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 buying an additional 456 shares during the period. Quarry LP increased its stake in shares of BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 971 shares during the last quarter. GAMMA Investing LLC raised its position in shares of BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 265 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of BJ’s Restaurants in the 4th quarter valued at approximately $63,000. Finally, US Bancorp DE boosted its stake 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 acquiring an additional 418 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BJRI shares. DA Davidson began coverage on BJ’s Restaurants in a research note on Friday, March 6th. They issued a “neutral” rating and a $38.00 target price for the company. Barclays reduced their price target 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. Mizuho lowered 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 report on Thursday, April 2nd. Benchmark boosted their target price on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Citigroup reduced their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.00.

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.