Brian Krakower Sells 7,341 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Brian Krakower sold 7,341 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.17, for a total transaction of $405,002.97. Following the completion of the sale, the executive vice president directly owned 4,721 shares of the company’s stock, valued at $260,457.57. This represents a 60.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BJ’s Restaurants Stock Performance

NASDAQ BJRI opened at $53.40 on Wednesday. The company has a 50-day simple moving average of $43.74 and a two-hundred day simple moving average of $41.15. 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 12-month low of $28.46 and a 12-month high of $56.21. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.77 and a beta of 1.35.

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

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in BJ’s Restaurants by 187.7% in the fourth 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. Quarry LP increased its position 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 purchasing an additional 971 shares during the period. GAMMA Investing LLC raised its holdings in BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 265 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in BJ’s Restaurants in the 4th quarter worth $63,000. Finally, US Bancorp DE lifted its position in shares of BJ’s Restaurants by 14.5% in the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 418 shares during the period. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants News Summary

Here are the key news stories impacting BJ’s Restaurants this week:

• Negative Sentiment: Director Lea Anne Ottinger sold 2,792 shares at an average price of $53.50, trimming her stake by 6.57%. BJ’s Restaurants (NASDAQ:BJRI) Director Lea Anne Ottinger Sells 2,792 Shares of Stock
• Negative Sentiment: EVP Gregory S. Lynds sold 6,201 shares at an average price of $55.86, reducing his position by 11.77%. BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 6,201 Shares of Stock
• Negative Sentiment: Director Noah A. Elbogen sold 4,652 shares at an average price of $54.00, cutting his ownership by 5.75%. BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 4,652 Shares of Stock
• Negative Sentiment: EVP Brian S. Krakower sold 7,341 shares at an average price of $55.17, a 60.86% reduction in his holdings. BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 7,341 Shares
• Negative Sentiment: EVP Kendra D. Miller sold 19,261 shares at an average price of $55.60, trimming her stake by 40.24%. BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 19,261 Shares of Stock

Analyst Ratings Changes

BJRI has been the subject of several recent research reports. DA Davidson started coverage on BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective for the company. Mizuho cut their target price on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler upped their price target on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Benchmark increased their price target on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.00.

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.