Key Points
- BJ’s Restaurants director C. Bradford Richmond purchased 753 shares at $63.25 each, investing $47,627.25 and increasing his holdings by 2.17% to 35,500 shares.
- The company reported quarterly EPS of $0.94, exceeding estimates of $0.90, while revenue rose 6.4% year over year to $388.89 million.
- Analyst sentiment remains mixed: the stock has an average rating of “Hold” and a consensus price target of $56.88, despite some upgrades and price targets as high as $80.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) Director C Bradford Richmond bought 753 shares of BJ's Restaurants stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $63.25 per share, with a total value of $47,627.25. Following the transaction, the director owned 35,500 shares of the company's stock, valued at $2,245,375. This trade represents a 2.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
BJ's Restaurants Price Performance
NASDAQ:BJRI opened at $63.59 on Tuesday. BJ's Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $74.60. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.96 and a beta of 1.31. The firm's 50-day simple moving average is $64.54 and its 200 day simple moving average is $49.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. BJ's Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The firm had revenue of $388.89 million during the quarter, compared to the consensus estimate of $377.07 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that BJ's Restaurants, Inc. will post 2.37 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Mizuho set a $74.00 price target on BJ's Restaurants in a research report on Friday, July 31st. William Blair raised BJ's Restaurants from a "market perform" rating to an "outperform" rating in a report on Friday, July 17th. Zacks Research upgraded BJ's Restaurants from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Weiss Ratings raised BJ's Restaurants from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Finally, Benchmark raised their price target on BJ's Restaurants from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $56.88.
Read Our Latest Report on BJRI
Institutional Trading of BJ's Restaurants
Large investors have recently made changes to their positions in the company. CWM LLC increased its stake in BJ's Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 456 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in BJ's Restaurants during the second quarter valued at approximately $28,000. Bard Associates Inc. bought a new stake in BJ's Restaurants during the second quarter worth $30,000. Quarry LP lifted its stake in BJ's Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 971 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of BJ's Restaurants in the 4th quarter valued at $63,000. Institutional investors and hedge funds 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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