BJ’s Restaurants (NASDAQ:BJRI) CMO Heidi Rogers Sells 3,090 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CMO Heidi Rogers sold 3,090 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $53.21, for a total value of $164,418.90. Following the completion of the transaction, the chief marketing officer directly owned 9,265 shares in the company, valued at $492,990.65. This trade represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Restaurants Stock Down 1.9%

Shares of BJ’s Restaurants stock opened at $51.61 on Tuesday. The business has a 50-day moving average of $41.79 and a 200-day moving average of $40.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25. The company has a market capitalization of $1.08 billion, a PE ratio of 26.07, a P/E/G ratio of 1.70 and a beta of 1.35. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $53.53.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results 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 analyst estimates of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, equities analysts forecast that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJRI has been the subject of several recent analyst reports. Barclays lowered their target price on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research note on Wednesday, May 6th. Mizuho lowered their target price on 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. Benchmark raised their target price on BJ’s Restaurants from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Citigroup lowered their target price on 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. Finally, Piper Sandler raised their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds have recently bought and sold shares of BJRI. UBS Group AG grew its stake in BJ’s Restaurants by 576.9% in the third quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock worth $44,326,000 after purchasing an additional 1,237,383 shares in the last quarter. Vanguard Group Inc. grew its stake in BJ’s Restaurants by 23.5% in the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after purchasing an additional 640,648 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in BJ’s Restaurants by 48.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after purchasing an additional 306,930 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in BJ’s Restaurants in the second quarter worth about $13,380,000. Finally, Balyasny Asset Management L.P. acquired a new position in BJ’s Restaurants in the fourth quarter worth about $10,863,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.