Heidi Rogers Sells 3,090 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CMO Heidi Rogers sold 3,090 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $53.21, for a total value of $164,418.90. Following the sale, the chief marketing officer directly owned 9,265 shares of the company’s stock, valued at approximately $492,990.65. This represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Restaurants Stock Performance

BJRI traded down $1.01 on Monday, hitting $51.61. 498,541 shares of the company traded hands, compared to its average volume of 369,760. The company has a 50 day moving average of $41.47 and a 200-day moving average of $40.40. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.08 billion, a PE ratio of 26.07, a PEG ratio of 1.70 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.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data 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 net margin of 3.15% and a return on equity of 13.48%. The company had revenue of $358.12 million for the quarter, compared to analysts’ expectations of $356.97 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently modified their holdings of the company. Jupiter Asset Management Ltd. purchased a new stake in BJ’s Restaurants in the 3rd quarter valued at approximately $2,514,000. Envestnet Asset Management Inc. purchased a new position in shares of BJ’s Restaurants during the 3rd quarter worth $1,662,000. Vanguard Group Inc. lifted its stake in shares of BJ’s Restaurants by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after purchasing an additional 640,648 shares during the period. American Century Companies Inc. lifted its stake in shares of BJ’s Restaurants by 7.6% during the 3rd quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock worth $27,078,000 after purchasing an additional 62,321 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of BJ’s Restaurants by 50.0% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 411,750 shares of the restaurant operator’s stock worth $12,571,000 after purchasing an additional 137,283 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BJRI. Piper Sandler boosted their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Mizuho dropped their target price on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Barclays dropped their target price on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Citigroup dropped their target price on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, Benchmark boosted their target price on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus 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.