BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 801 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $34.07, for a total value of $27,290.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BJ’s Restaurants, Inc. (BJRI) traded down $0.25 during trading hours on Thursday, hitting $36.15. The company had a trading volume of 300,440 shares, compared to its average volume of 448,156. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. BJ’s Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $47.55. The stock has a market capitalization of $767.56, a PE ratio of 23.11, a P/E/G ratio of 1.76 and a beta of 0.97.
BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The business had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts predict that BJ’s Restaurants, Inc. will post 1.39 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 10th. BJ’s Restaurants’s dividend payout ratio is currently 7.24%.
BJRI has been the topic of a number of recent research reports. Jefferies Group reissued a “hold” rating and issued a $39.00 target price on shares of BJ’s Restaurants in a report on Thursday, August 31st. Canaccord Genuity lowered their target price on BJ’s Restaurants from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Barclays decreased their price objective on BJ’s Restaurants from $29.00 to $27.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research downgraded BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $36.89.
Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in shares of BJ’s Restaurants by 34.3% during the second quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock worth $4,934,000 after purchasing an additional 33,810 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in BJ’s Restaurants by 4.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock valued at $25,440,000 after buying an additional 29,949 shares in the last quarter. State Street Corp grew its holdings in BJ’s Restaurants by 0.6% during the 2nd quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock valued at $19,485,000 after buying an additional 3,225 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BJ’s Restaurants during the 2nd quarter valued at approximately $417,000. Finally, Westpac Banking Corp purchased a new position in BJ’s Restaurants during the 2nd quarter valued at approximately $309,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.
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About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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