Key Points
- On March 17, BJ's EVP Brian Krakower sold 2,600 shares at an average price of $35.03 for roughly $91,078, cutting his stake by 33.93% to 5,062 shares, as disclosed in an SEC filing.
- BJ's recently posted $0.66 EPS (vs. $0.60 est.) and $355.4M in revenue (up 3.2% YoY); the company has a market cap of about $745M and a P/E of 16.24, while the stock sits below its 50‑day moving average of $40.72.
- Analysts hold an average "Hold" rating with a $42.38 target amid mixed revisions (Benchmark raised to $48 "buy", Citigroup to $49 "neutral"), and institutional ownership is very high at approximately 99.95% after recent large inflows from firms like UBS and Vanguard.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Brian Krakower sold 2,600 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $35.03, for a total value of $91,078.00. Following the sale, the executive vice president owned 5,062 shares in the company, valued at approximately $177,321.86. This trade represents a 33.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
BJ's Restaurants Price Performance
BJRI traded up $0.57 during trading on Thursday, hitting $35.15. The company's stock had a trading volume of 15,335 shares, compared to its average volume of 365,749. The company has a quick ratio of 0.33, a current ratio of 0.40 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $745.14 million, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.32. The firm's 50 day moving average price is $40.72 and its two-hundred day moving average price is $36.99. BJ's Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $47.02.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its earnings results on Wednesday, February 25th. The restaurant operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. BJ's Restaurants had a return on equity of 13.82% and a net margin of 3.49%.The company had revenue of $355.40 million for the quarter, compared to analysts' expectations of $353.71 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts forecast that BJ's Restaurants, Inc. will post 1.5 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Benchmark increased their price objective on shares of BJ's Restaurants from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Barclays upped their target price on shares of BJ's Restaurants from $39.00 to $42.00 and gave the stock an "underweight" rating in a research report on Thursday, February 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of BJ's Restaurants in a research note on Monday, December 29th. Citigroup raised their price target on shares of BJ's Restaurants from $45.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, February 26th. Finally, DA Davidson started coverage on shares of BJ's Restaurants in a research report on Friday, March 6th. They issued a "neutral" rating and a $38.00 price objective for the company. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.38.
Check Out Our Latest Research Report on BJ's Restaurants
Hedge Funds Weigh In On BJ's Restaurants
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its position in shares of BJ's Restaurants by 576.9% during the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator's stock worth $44,326,000 after buying an additional 1,237,383 shares during the period. Vanguard Group Inc. raised its position in shares of BJ's Restaurants by 23.5% in 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 period. Arrowstreet Capital Limited Partnership boosted its stake in BJ's Restaurants by 233.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 628,445 shares of the restaurant operator's stock worth $28,029,000 after acquiring an additional 440,078 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in BJ's Restaurants during the 2nd quarter worth approximately $13,380,000. Finally, Balyasny Asset Management L.P. acquired a new position in BJ's Restaurants during the fourth quarter valued at approximately $10,863,000. Institutional investors own 99.95% of the company's stock.
BJ's Restaurants Company Profile
(
Get Free Report)
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.
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