Key Points
- Executive sale: EVP Gregory Lynds sold 25,350 BJ’s Restaurants shares for approximately $1.71 million at an average price of $67.47, reducing his direct holdings by 35.29% to 46,474 shares.
- Quarterly performance: BJ’s reported adjusted earnings of $0.94 per share, beating estimates by $0.04, while revenue reached $388.89 million and increased 6.4% year over year.
- Analyst outlook: The stock carries a consensus “Hold” rating with a $56.88 price target, although Benchmark raised its target to $80 and assigned a “Buy” rating.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Gregory Lynds sold 25,350 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $67.47, for a total transaction of $1,710,364.50. Following the sale, the executive vice president directly owned 46,474 shares of the company's stock, valued at $3,135,600.78. This represents a 35.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
BJ's Restaurants Price Performance
BJRI stock opened at $67.85 on Thursday. The company's 50-day moving average price is $58.09 and its two-hundred day moving average price is $46.10. The firm has a market cap of $1.44 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.05 and a beta of 1.32. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. BJ's Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $74.60.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $388.89 million for the quarter, compared to analyst estimates of $377.07 million. BJ's Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, analysts anticipate that BJ's Restaurants, Inc. will post 2.35 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded BJ's Restaurants from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Mizuho set a $74.00 price objective on BJ's Restaurants in a research report on Friday, July 31st. DA Davidson set a $65.00 target price on BJ's Restaurants in a research report on Friday, July 31st. Benchmark lifted their target price on BJ's Restaurants from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, William Blair raised BJ's Restaurants from a "market perform" rating to an "outperform" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.88.
Read Our Latest Research Report on BJRI
Institutional Trading of BJ's Restaurants
A number of hedge funds and other institutional investors have recently modified their holdings of BJRI. Bank of America Corp DE increased 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 worth $11,393,000 after buying an additional 137,511 shares in the last quarter. California State Teachers Retirement System grew its position in BJ's Restaurants by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator's stock worth $693,000 after acquiring an additional 4,746 shares during the last quarter. Royal Bank of Canada increased its holdings in BJ's Restaurants by 238.0% in the 1st quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator's stock worth $572,000 after purchasing an additional 11,458 shares in the last quarter. Empowered Funds LLC raised its position in BJ's Restaurants by 7.1% in the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator's stock valued at $3,761,000 after purchasing an additional 7,080 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake 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 purchasing an additional 1,178 shares in the last quarter. 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.
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