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

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

BJ’s Restaurants Trading Down 0.7%

BJRI opened at $46.72 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $982.05 million, a PE ratio of 23.60, a PEG ratio of 1.52 and a beta of 1.35. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.99. The firm has a 50-day moving average price of $39.56 and a two-hundred day moving average price of $39.73.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data 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 company had revenue of $358.12 million during 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 company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. As a group, equities analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BJRI shares. Citigroup lowered their price objective on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Mizuho lowered their price objective on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Benchmark raised their price objective 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. Barclays lowered their price target on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research report on Wednesday, May 6th. Finally, Piper Sandler lifted their price target on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two research 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.com, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BJRI. Jupiter Asset Management Ltd. acquired a new position in shares of BJ’s Restaurants in the third quarter valued at approximately $2,514,000. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $102,665,000 after buying an additional 640,648 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of BJ’s Restaurants in the third quarter valued at approximately $1,662,000. American Century Companies Inc. boosted its holdings in shares of BJ’s Restaurants by 7.6% in the third quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock valued at $27,078,000 after buying an additional 62,321 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of BJ’s Restaurants by 50.0% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 411,750 shares of the restaurant operator’s stock valued at $12,571,000 after buying an additional 137,283 shares during the period. Institutional investors own 99.95% of the company’s stock.

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.