BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Kendra Miller sold 7,419 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.56, for a total transaction of $360,266.64. Following the completion of the sale, the executive vice president owned 28,599 shares in the company, valued at approximately $1,388,767.44. The trade was a 20.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
BJ's Restaurants Trading Up 7.0%
Shares of BJ's Restaurants stock opened at $51.82 on Friday. The company's fifty day simple moving average is $41.13 and its 200-day simple moving average is $40.28. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.57 and a beta of 1.35. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. BJ's Restaurants, Inc. has a 1 year low of $28.46 and a 1 year high of $51.95.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $358.12 million during the quarter, compared to analyst estimates of $356.97 million. BJ's Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. As a group, sell-side analysts expect that BJ's Restaurants, Inc. will post 2.21 EPS for the current year.
Institutional Investors Weigh In On BJ's Restaurants
A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in BJ's Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator's stock worth $37,000 after buying an additional 265 shares in the last quarter. US Bancorp DE boosted its stake in BJ's Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator's stock worth $101,000 after buying an additional 418 shares in the last quarter. CWM LLC boosted its stake in BJ's Restaurants by 187.7% during the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator's stock worth $28,000 after buying an additional 456 shares in the last quarter. Franklin Resources Inc. boosted its stake in BJ's Restaurants by 4.3% during the fourth quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator's stock worth $469,000 after buying an additional 494 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in BJ's Restaurants by 8.6% during the first quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator's stock worth $229,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on BJRI shares. Barclays lowered their price objective on shares of BJ's Restaurants from $42.00 to $38.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 6th. Citigroup lowered their price objective on shares of BJ's Restaurants from $49.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 16th. Mizuho decreased their price target on shares of BJ's Restaurants from $44.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 2nd. Benchmark lifted their price target on shares of BJ's Restaurants from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Finally, DA Davidson assumed coverage on shares of BJ's Restaurants in a research note on Friday, March 6th. They set a "neutral" rating and a $38.00 price target on the stock. Two 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.00.
View Our Latest Stock Report on BJ's Restaurants
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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