Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $708,140.27 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 10,217 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $69.31, for a total value of $708,140.27. Following the transaction, the executive vice president owned 28,599 shares of the company’s stock, valued at $1,982,196.69. The trade was a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BJ’s Restaurants Trading Down 0.5%

Shares of NASDAQ:BJRI traded down $0.34 during mid-day trading on Friday, reaching $69.55. The stock had a trading volume of 436,048 shares, compared to its average volume of 419,701. The firm has a market cap of $1.48 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. The firm has a 50 day simple moving average of $58.56 and a two-hundred day simple moving average of $46.28. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.11. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $74.60.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Piper Sandler upped their price objective on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Benchmark raised their price objective on BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citigroup lifted their target price on BJ’s Restaurants from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Barclays decreased their target price on 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. One 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, BJ’s Restaurants has an average rating of “Hold” and a consensus target price of $56.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of 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 buying an additional 456 shares during the period. Quarry LP raised its holdings in shares of BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 971 shares during the period. Kemnay Advisory Services Inc. bought a new stake in BJ’s Restaurants in the 4th quarter valued at $63,000. US Bancorp DE lifted its position in BJ’s Restaurants by 14.5% in the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 418 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in BJ’s Restaurants by 77.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 1,012 shares in the last quarter. Institutional investors 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.