Key Points
- Director C. Bradford Richmond bought 500 BJ’s Restaurants shares at an average price of $61.05, investing $30,525 and increasing his holdings to 36,000 shares. He also purchased 753 shares two days earlier at $63.25 each.
- BJ’s shares opened at $60.71 after declining 1.7%, with the stock trading between a 52-week low of $28.46 and high of $74.60. The company recently beat quarterly earnings and revenue estimates, reporting $0.94 EPS and $388.89 million in revenue.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $56.88, while institutional investors own 99.95% of the company’s shares.
BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) Director C Bradford Richmond acquired 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $61.05 per share, for a total transaction of $30,525.00. Following the completion of the transaction, the director owned 36,000 shares of the company's stock, valued at $2,197,800. The trade was a 1.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
C Bradford Richmond also recently made the following trade(s):
- On Monday, August 31st, C Bradford Richmond bought 753 shares of BJ's Restaurants stock. The stock was bought at an average cost of $63.25 per share, for a total transaction of $47,627.25.
BJ's Restaurants Trading Down 1.7%
Shares of BJ's Restaurants stock opened at $60.71 on Thursday. 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 cap of $1.29 billion, a PE ratio of 32.47, a PEG ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22. The company has a 50 day simple moving average of $64.83 and a two-hundred day simple moving average of $49.33.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to analysts' expectations of $377.07 million. BJ's Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Analysts expect that BJ's Restaurants, Inc. will post 2.37 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
BJRI has been the subject of several research reports. Mizuho set a $74.00 target price on shares of BJ's Restaurants in a research report on Friday, July 31st. 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 upgraded BJ's Restaurants from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. DA Davidson set a $65.00 price target on BJ's Restaurants in a research note on Friday, July 31st. Finally, Benchmark upped their price objective on BJ's Restaurants from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, BJ's Restaurants presently has a consensus rating of "Hold" and an average price target of $56.88.
Get Our Latest Report on BJ's Restaurants
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BJRI. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BJ's Restaurants in the 2nd quarter worth approximately $220,000. California State Teachers Retirement System grew its holdings in shares of BJ's Restaurants by 5,787.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,161,982 shares of the restaurant operator's stock valued at $70,579,000 after purchasing an additional 1,142,245 shares during the last quarter. AXQ Capital LP bought a new position in shares of BJ's Restaurants during the 2nd quarter valued at $204,000. Ancora Advisors LLC raised its position in BJ's Restaurants by 141.5% in the 2nd quarter. Ancora Advisors LLC now owns 28,960 shares of the restaurant operator's stock worth $1,759,000 after purchasing an additional 16,970 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BJ's Restaurants by 13.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,997 shares of the restaurant operator's stock worth $1,943,000 after purchasing an additional 3,857 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.
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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