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

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

BJ’s Restaurants Trading Down 1.9%

BJRI stock traded down $1.01 during midday trading on Monday, hitting $51.61. 498,541 shares of the company’s stock were exchanged, compared to its average volume of 369,760. The business has a 50-day simple moving average of $41.47 and a two-hundred day simple moving average of $40.40. 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 $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 issued its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The firm had revenue of $358.12 million during the quarter, compared to analyst estimates of $356.97 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on BJRI. Barclays lowered their price objective on shares of 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. DA Davidson started coverage on BJ’s Restaurants in a research note on Friday, March 6th. They set a “neutral” rating and a $38.00 target price for the company. Benchmark boosted their target price on BJ’s Restaurants from $48.00 to $50.00 and gave the stock 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 boosted their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the stock 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.00.

Institutional Trading of BJ’s Restaurants

Several institutional investors and hedge funds have recently made changes to their positions in BJRI. UBS Group AG lifted its holdings in shares of BJ’s Restaurants by 576.9% in the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares during the last quarter. Vanguard Group Inc. raised its stake in BJ’s Restaurants by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock valued at $102,665,000 after acquiring an additional 640,648 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in BJ’s Restaurants by 48.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock valued at $28,557,000 after acquiring an additional 306,930 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in BJ’s Restaurants during the 2nd quarter valued at approximately $13,380,000. Finally, Balyasny Asset Management L.P. purchased a new stake in BJ’s Restaurants during the 4th quarter valued at approximately $10,863,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

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.