Key Points
- BJ's Restaurants EVP Brian Krakower sold 3,475 shares on May 28 at an average price of $46.71, totaling about $162,317. After the sale, he still held 4,721 shares, which cut his ownership by 42.4%.
- The stock recently traded near its 52-week high, opening at $46.72 versus a 52-week range of $28.46 to $47.99. BJ's Restaurants also has a market value of about $982 million and a price-to-earnings ratio of 23.6.
- The company’s latest quarterly results missed EPS estimates, posting $0.57 per share versus the expected $0.61, though revenue of $358.1 million slightly beat forecasts and rose 2.9% year over year. Analysts currently have an overall Hold rating with an average price target of $42.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Brian Krakower sold 3,475 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $46.71, for a total value of $162,317.25. Following the completion of the sale, the executive vice president directly owned 4,721 shares in the company, valued at $220,517.91. This represents a 42.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
BJ's Restaurants Price Performance
Shares of NASDAQ BJRI opened at $46.72 on Tuesday. BJ's Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $47.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25. The business's fifty day moving average price is $39.56 and its two-hundred day moving average price is $39.73. The firm has a market capitalization of $982.05 million, a PE ratio of 23.60, a P/E/G ratio of 1.52 and a beta of 1.35.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ's Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The business had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same period in the previous year, the company posted $0.59 EPS. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that BJ's Restaurants, Inc. will post 2.21 EPS for the current year.
Analysts Set New Price Targets
Several research firms have recently issued reports on BJRI. Citigroup decreased their price target 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. Mizuho decreased their target price on BJ's Restaurants from $44.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 2nd. Benchmark raised their target price on BJ's Restaurants from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Weiss Ratings cut BJ's Restaurants from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Finally, Barclays reduced their target price on BJ's Restaurants from $42.00 to $38.00 and set an "underweight" rating for the company in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.00.
View Our Latest Stock Analysis on BJ's Restaurants
Institutional Investors Weigh In On BJ's Restaurants
Hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in BJ's Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 456 shares in the last quarter. GAMMA Investing LLC lifted its stake in BJ's Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator's stock worth $37,000 after acquiring an additional 265 shares in the last quarter. Quarry LP lifted its stake in BJ's Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 971 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in BJ's Restaurants in the 4th quarter worth about $63,000. Finally, BNP Paribas Financial Markets lifted its stake 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 worth $103,000 after acquiring an additional 1,012 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.
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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