BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 7,419 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 7,419 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.56, for a total value of $360,266.64. Following the sale, the executive vice president directly owned 28,599 shares in the company, valued at approximately $1,388,767.44. The trade was a 20.60% 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 Stock Up 7.0%

BJ’s Restaurants stock traded up $3.41 during trading hours on Thursday, hitting $51.82. 532,979 shares of the stock traded hands, compared to its average volume of 367,912. The firm’s 50-day moving average price is $40.80 and its two-hundred day moving average price is $40.16. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.09 billion, a PE ratio of 26.17, a PEG ratio of 1.48 and a beta of 1.35. BJ’s Restaurants, Inc. has a one year low of $28.46 and a one year high of $51.95.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $358.12 million for the quarter, compared to the consensus estimate of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, research analysts forecast that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Institutional Trading of BJ’s Restaurants

Hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of 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 boosted its position in shares of 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 purchasing an additional 971 shares in the last quarter. GAMMA Investing LLC raised 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 during the last quarter. Kemnay Advisory Services Inc. purchased a new position in BJ’s Restaurants in the 4th quarter worth approximately $63,000. Finally, US Bancorp DE raised its holdings in BJ’s Restaurants by 14.5% in the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 418 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup cut their price objective 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. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Piper Sandler boosted their price target 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. DA Davidson initiated coverage on BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Benchmark boosted their price target 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 research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $42.00.

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.