Greg Trojan Buys 14,400 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) CEO Greg Trojan acquired 14,400 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $32.92 per share, with a total value of $474,048.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NASDAQ BJRI traded down $0.63 on Thursday, hitting $32.73. 858,457 shares of the stock were exchanged, compared to its average volume of 544,005. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of 1.68. BJ’s Restaurants, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $76.50. The company has a market cap of $682.55 million, a PE ratio of 13.93, a PEG ratio of 1.27 and a beta of 0.88. The company has a 50-day moving average price of $40.44 and a 200-day moving average price of $45.38.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The firm had revenue of $301.09 million for the quarter, compared to analyst estimates of $300.35 million. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that BJ’s Restaurants, Inc. will post 1.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, August 9th. BJ’s Restaurants’s dividend payout ratio (DPR) is presently 20.43%.

A number of research analysts recently weighed in on the stock. Stephens dropped their price objective on shares of BJ’s Restaurants from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Piper Jaffray Companies dropped their price objective on shares of BJ’s Restaurants from $70.00 to $56.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Loop Capital dropped their price objective on shares of BJ’s Restaurants from $60.00 to $45.00 and set a “buy” rating for the company in a report on Friday, July 26th. Wedbush dropped their price objective on shares of BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, ValuEngine cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $50.67.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in BJ’s Restaurants by 36.2% during the 1st quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock worth $339,000 after acquiring an additional 1,905 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of BJ’s Restaurants by 2.5% during the 2nd quarter. Bessemer Group Inc. now owns 83,109 shares of the restaurant operator’s stock worth $3,652,000 after buying an additional 2,005 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter worth approximately $272,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter worth approximately $6,981,000. Finally, Marshall Wace LLP lifted its position in shares of BJ’s Restaurants by 141.1% during the 1st quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after buying an additional 331,443 shares during the last quarter.

BJ’s Restaurants Company Profile

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

Featured Story: P/E Growth (PEG)

Insider Buying and Selling by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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