BJ’s Restaurants (NASDAQ:BJRI) Director Buys $30,525.00 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Richmond bought 500 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average cost of $61.05 per share, with a total value of $30,525.00. Following the completion of the purchase, the director directly owned 36,500 shares in the company, valued at $2,228,325. This represents a 1.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

C Bradford Richmond also recently made the following trade(s):

• On Monday, August 31st, C Richmond purchased 753 shares of BJ’s Restaurants stock. The stock was bought at an average cost of $63.25 per share, for a total transaction of $47,627.25.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $59.89 on Friday. The stock has a 50-day simple moving average of $64.88 and a 200-day simple moving average of $49.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29. The stock has a market capitalization of $1.27 billion, a PE ratio of 32.03, a PEG ratio of 1.77 and a beta of 1.30. BJ’s Restaurants, Inc. has a 1 year low of $28.46 and a 1 year high of $74.60.

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

Institutional Trading of BJ’s Restaurants

Several institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in shares of BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 456 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in BJ’s Restaurants in the second quarter valued at $28,000. Bard Associates Inc. acquired a new position in BJ’s Restaurants in the second quarter valued at $30,000. Quarry LP grew its holdings in shares of BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 971 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of BJ’s Restaurants during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

BJRI has been the topic of a number of analyst reports. Zacks Research upgraded shares of BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. 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 report on Friday, July 17th. Benchmark raised their price target on BJ’s Restaurants from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, DA Davidson set a $65.00 price target on BJ’s Restaurants in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.88.

BJ’s Restaurants Company Profile

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.