Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) Director Sells 7,535 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Noah Elbogen sold 7,535 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $70.14, for a total transaction of $528,504.90. Following the completion of the sale, the director owned 71,655 shares of the company’s stock, valued at $5,025,881.70. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BJ’s Restaurants Stock Performance

Shares of BJ’s Restaurants stock traded up $2.17 on Wednesday, reaching $69.70. 451,953 shares of the stock were exchanged, compared to its average volume of 420,657. The firm has a market capitalization of $1.48 billion, a PE ratio of 37.27, a PEG ratio of 2.09 and a beta of 1.32. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $74.60. The business has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $46.79. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $388.89 million for the quarter, compared to analyst estimates of $377.07 million. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. As a group, research analysts anticipate that BJ’s Restaurants, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

BJRI has been the topic of several research analyst reports. DA Davidson set a $65.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 31st. Barclays lowered their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Restaurants in a research note on Friday. Piper Sandler upped their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup raised their price objective on BJ’s Restaurants from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.88.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJRI. Bard Associates Inc. purchased a new stake in shares of BJ’s Restaurants in the second quarter valued at about $30,000. CWM LLC raised its position in shares of BJ’s Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares during the last quarter. Quarry LP lifted its stake in BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 971 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in BJ’s Restaurants during the 4th quarter valued at $63,000. Finally, BNP Paribas Financial Markets grew its holdings 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 buying an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

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.