Key Points
- EVP Brian Krakower sold 8,017 shares on Dec. 11 at an average price of $39.61 for $317,553.37, cutting his stake by 64.52% and leaving him with 4,409 shares.
- The company’s board approved a $75 million share repurchase plan (up to ~11.3% of shares) and BJ’s last quarter beat EPS estimates ($0.04 vs. -$0.01) while reporting modest 1.4% revenue growth year-over-year.
- BJ’s trades near $40 with a market cap of about $853 million and a PE of ~30.1; analysts’ consensus is an average rating of “Hold” with an average target price of $38.75.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Brian Krakower sold 8,017 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $39.61, for a total value of $317,553.37. Following the completion of the sale, the executive vice president directly owned 4,409 shares in the company, valued at approximately $174,640.49. This trade represents a 64.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
BJ's Restaurants Price Performance
Shares of NASDAQ BJRI opened at $40.36 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.30. The firm has a market capitalization of $853.21 million, a PE ratio of 30.12, a P/E/G ratio of 1.30 and a beta of 1.31. BJ's Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.02. The business's fifty day moving average price is $34.79 and its two-hundred day moving average price is $36.69.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $330.16 million during the quarter, compared to the consensus estimate of $335.86 million. BJ's Restaurants had a net margin of 2.23% and a return on equity of 12.92%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) earnings per share. On average, research analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.
BJ's Restaurants announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 30th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Institutional Investors Weigh In On BJ's Restaurants
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its holdings in shares of BJ's Restaurants by 51.8% in the 1st quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator's stock worth $99,000 after purchasing an additional 985 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of BJ's Restaurants by 27.2% during the 1st quarter. Public Sector Pension Investment Board now owns 72,355 shares of the restaurant operator's stock valued at $2,479,000 after acquiring an additional 15,458 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BJ's Restaurants by 14.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,617 shares of the restaurant operator's stock worth $467,000 after acquiring an additional 1,732 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of BJ's Restaurants by 10.6% in the 1st quarter. American Century Companies Inc. now owns 773,535 shares of the restaurant operator's stock worth $26,501,000 after acquiring an additional 74,101 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of BJ's Restaurants by 49.8% during the first quarter. Raymond James Financial Inc. now owns 191,882 shares of the restaurant operator's stock valued at $6,574,000 after purchasing an additional 63,751 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on BJRI shares. Wall Street Zen cut BJ's Restaurants from a "buy" rating to a "hold" rating in a research report on Sunday, November 9th. Jefferies Financial Group restated a "buy" rating and set a $50.00 price objective on shares of BJ's Restaurants in a research note on Friday, October 31st. Benchmark reiterated a "buy" rating on shares of BJ's Restaurants in a research report on Monday, October 27th. Mizuho upgraded shares of BJ's Restaurants to a "hold" rating in a research report on Tuesday, October 28th. Finally, Zacks Research cut shares of BJ's Restaurants from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.75.
View Our Latest Research Report on BJ's Restaurants
BJ's Restaurants Company Profile
(
Get Free Report)
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.
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