Key Points
- EVP Gregory Lynds sold 5,537 shares of BJ's Restaurants on June 11 at an average price of $50.76, totaling about $281,058. After the sale, he still held 46,474 shares.
- BJ's Restaurants recently reported mixed quarterly results, missing EPS estimates with $0.57 versus $0.61 expected, while revenue came in slightly above forecasts at $358.12 million and rose 2.9% year over year.
- Wall Street sentiment remains cautious, with analysts assigning a consensus “Hold” rating and an average price target of $42.00, even as the stock traded near its 52-week high of $53.53.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Gregory Lynds sold 5,537 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $50.76, for a total value of $281,058.12. Following the completion of the transaction, the executive vice president directly owned 46,474 shares in the company, valued at approximately $2,359,020.24. This trade represents a 10.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
BJ's Restaurants Stock Performance
BJRI stock opened at $52.62 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35. BJ's Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $53.53. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The business's fifty day moving average is $41.47 and its 200-day moving average is $40.36.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 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 for the quarter, compared to analyst estimates of $356.97 million. During the same period in the previous year, the business posted $0.59 EPS. The business's quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that BJ's Restaurants, Inc. will post 2.21 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently commented on BJRI. DA Davidson initiated coverage on BJ's Restaurants in a report on Friday, March 6th. They set a "neutral" rating and a $38.00 price target for the company. Citigroup dropped their price target on shares of BJ's Restaurants from $49.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 16th. Piper Sandler lifted their price target 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. Mizuho decreased their price target on 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. Finally, Benchmark upped their price target on shares of BJ's Restaurants from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. 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 stock. Based on data from MarketBeat, BJ's Restaurants presently has a consensus rating of "Hold" and an average target price of $42.00.
View Our Latest Report on BJRI
Institutional Investors Weigh In On BJ's Restaurants
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased 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 valued at $44,326,000 after purchasing an additional 1,237,383 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 worth $102,665,000 after purchasing an additional 640,648 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of BJ's Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator's stock worth $28,557,000 after purchasing an additional 306,930 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of BJ's Restaurants in the 2nd quarter worth approximately $13,380,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of BJ's Restaurants in the 4th quarter worth approximately $10,863,000. Hedge funds and other institutional investors own 99.95% of the company's stock.
About BJ's Restaurants
(
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.
Further Reading
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