Key Points
- BJ's Restaurants CMO Heidi Rogers sold 3,090 shares on June 12 at an average price of $53.21, totaling about $164,419. After the sale, she still owned 9,265 shares, trimming her position by 25.01%.
- The stock has been trading near its 52-week high, opening at $51.61 versus a 52-week range of $28.46 to $53.53, with a market cap of about $1.08 billion.
- Recent fundamentals and analyst views are mixed: BJRI missed quarterly EPS estimates but slightly beat revenue expectations, while analysts currently rate the stock a consensus Hold with an average price target of $42.00.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) CMO Heidi Rogers sold 3,090 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $53.21, for a total transaction of $164,418.90. Following the completion of the transaction, the chief marketing officer directly owned 9,265 shares in the company, valued at $492,990.65. This represents a 25.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
BJ's Restaurants Stock Performance
Shares of NASDAQ BJRI opened at $51.61 on Tuesday. 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 firm's 50-day moving average price is $41.79 and its two-hundred day moving average price is $40.49. BJ's Restaurants, Inc. has a 52-week low of $28.46 and a 52-week high of $53.53. The stock has a market capitalization of $1.08 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.70 and a beta of 1.35.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 prior year, the business earned $0.59 EPS. The business's revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that BJ's Restaurants, Inc. will post 2.21 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BJRI shares. Citigroup cut their target price on shares of BJ's Restaurants from $49.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 16th. Mizuho cut their target price on shares of BJ's Restaurants from $44.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 2nd. Barclays cut their target price on shares of BJ's Restaurants from $42.00 to $38.00 and set an "underweight" rating on the stock in a report on Wednesday, May 6th. Benchmark raised their target price 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. Finally, DA Davidson assumed coverage on shares of BJ's Restaurants in a report on Friday, March 6th. They issued a "neutral" rating and a $38.00 target price on the stock. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.00.
View Our Latest Stock Analysis on BJRI
Institutional Investors Weigh In On BJ's Restaurants
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of BJ's Restaurants by 73.5% during the first quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator's stock valued at $11,393,000 after buying an additional 137,511 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of BJ's Restaurants by 31.7% during the first quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator's stock valued at $693,000 after buying an additional 4,746 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of BJ's Restaurants by 238.0% during the first quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator's stock valued at $572,000 after buying an additional 11,458 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of BJ's Restaurants by 7.1% during the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator's stock valued at $3,761,000 after buying an additional 7,080 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of BJ's Restaurants by 7.7% during the first quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator's stock valued at $581,000 after buying an additional 1,178 shares during the last quarter. 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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