Key Points
- Director Noah Elbogen sold 7,535 BJ’s Restaurants shares at an average price of $70.14, generating approximately $528,505. His remaining stake fell 9.52% to 71,655 shares.
- BJ’s Restaurants reported quarterly EPS of $0.94, beating estimates by $0.04, while revenue reached $388.89 million and increased 6.4% year over year.
- The stock was trading at $69.70, near its 52-week high, but analysts maintained a consensus “Hold” rating with an average price target of $56.88.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) Director Noah Elbogen sold 7,535 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $70.14, for a total value of $528,504.90. Following the completion of the sale, the director owned 71,655 shares of the company's stock, valued at $5,025,881.70. This represents a 9.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BJ's Restaurants Trading Up 3.2%
NASDAQ:BJRI opened at $69.70 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. BJ's Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $74.60. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.06 and a beta of 1.32. The business's 50-day moving average price is $60.43 and its two-hundred day moving average price is $46.97.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its 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 company had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. BJ's Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS. On average, equities analysts expect that BJ's Restaurants, Inc. will post 2.35 earnings per share for the current year.
Analyst Ratings Changes
BJRI has been the subject of a number of analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of BJ's Restaurants in a report on Friday, August 7th. 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. DA Davidson set a $65.00 price target on shares of BJ's Restaurants in a research report on Friday, July 31st. Citigroup boosted their price target on shares of BJ's Restaurants from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Piper Sandler upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.88.
Check Out Our Latest Stock Report on BJRI
Hedge Funds Weigh In On BJ's Restaurants
Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of BJ's Restaurants in the 2nd quarter valued at approximately $200,006,000. UBS Group AG raised its holdings in 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 worth $44,326,000 after buying an additional 1,237,383 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in BJ's Restaurants by 48.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator's stock worth $28,557,000 after buying an additional 306,930 shares during the period. Canada Pension Plan Investment Board bought a new position in BJ's Restaurants in the second quarter valued at approximately $13,380,000. Finally, Balyasny Asset Management L.P. bought a new position in BJ's Restaurants in the fourth quarter valued at approximately $10,863,000. 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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