BJ’s Restaurants (NASDAQ:BJRI) Director Sells $149,372.00 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Lea Anne Ottinger sold 2,792 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $53.50, for a total value of $149,372.00. Following the completion of the transaction, the director owned 39,701 shares of the company’s stock, valued at $2,124,003.50. This represents a 6.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BJ’s Restaurants Trading Up 2.7%

Shares of NASDAQ:BJRI opened at $54.62 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25. BJ’s Restaurants, Inc. has a 1 year low of $28.46 and a 1 year high of $56.21. The company has a market cap of $1.15 billion, a P/E ratio of 27.59, a PEG ratio of 1.72 and a beta of 1.35. The stock’s fifty day moving average price is $44.09 and its 200-day moving average price is $41.27.

BJ’s Restaurants (NASDAQ:BJRI) last released 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). The business had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.BJ’s Restaurants’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. Sell-side analysts expect that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BJRI. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Mizuho lowered their target price on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. DA Davidson started coverage on BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 target price on the stock. Finally, Citigroup cut their price target on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.00.

Institutional Trading of BJ’s Restaurants

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in shares of BJ’s Restaurants by 187.7% during the 4th 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 period. Quarry LP raised its stake in BJ’s Restaurants by 1,618.3% during 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 during the period. GAMMA Investing LLC lifted its holdings in BJ’s Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of BJ’s Restaurants in the fourth quarter worth approximately $63,000. Finally, US Bancorp DE boosted its position in shares of BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

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.