Noah Elbogen Sells 4,049 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Noah Elbogen sold 4,049 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $47.85, for a total transaction of $193,744.65. Following the sale, the director directly owned 76,235 shares of the company’s stock, valued at $3,647,844.75. This represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BJ’s Restaurants Stock Down 5.1%

BJRI stock opened at $44.35 on Wednesday. The stock has a market capitalization of $932.24 million, a P/E ratio of 22.40, a P/E/G ratio of 1.51 and a beta of 1.35. The firm has a 50-day simple moving average of $39.56 and a 200-day simple moving average of $39.73. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $47.99.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $358.12 million for the quarter, compared to analysts’ expectations of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Equities analysts forecast that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Restaurants

Large investors have recently bought and sold shares of the business. CWM LLC grew its stake in BJ’s Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 456 shares in the last quarter. GAMMA Investing LLC grew its stake in BJ’s Restaurants by 39.3% during 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 in the last quarter. Quarry LP grew its stake in BJ’s Restaurants by 1,618.3% during 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in BJ’s Restaurants during the 4th quarter valued at about $63,000. Finally, BNP Paribas Financial Markets grew its stake in BJ’s Restaurants by 77.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BJRI. Citigroup cut their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Mizuho cut their target price on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, DA Davidson started coverage on shares of BJ’s Restaurants in a research note on Friday, March 6th. They set a “neutral” rating and a $38.00 target price for the company. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.