Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) EVP Sells 5,537 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Gregory Lynds sold 5,537 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $50.76, for a total transaction of $281,058.12. Following the transaction, the executive vice president directly owned 46,474 shares in the company, valued at $2,359,020.24. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BJ’s Restaurants Price Performance

Shares of BJRI stock traded up $0.80 during trading hours on Friday, hitting $52.62. 446,053 shares of the company’s stock were exchanged, compared to its average volume of 368,610. The company has a market capitalization of $1.11 billion, a PE ratio of 26.58, a PEG ratio of 1.57 and a beta of 1.35. BJ’s Restaurants, Inc. has a 12-month low of $28.46 and a 12-month high of $53.53. The business’s 50 day simple moving average is $41.13 and its 200-day simple moving average is $40.28. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $356.97 million. During the same period last year, the business posted $0.59 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares in the last quarter. Quarry LP increased its holdings in BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 971 shares in the last quarter. GAMMA Investing LLC increased its holdings in BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 265 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in BJ’s Restaurants in the 4th quarter worth approximately $63,000. Finally, US Bancorp DE grew its holdings in BJ’s Restaurants by 14.5% during the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 418 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BJRI shares. 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. Piper Sandler raised their target price on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. DA Davidson started 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. 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. Finally, Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.00.

About BJ’s Restaurants

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.