Gregory Lynds Sells 6,201 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Gregory Lynds sold 6,201 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.86, for a total transaction of $346,387.86. Following the completion of the sale, the executive vice president owned 46,474 shares in the company, valued at $2,596,037.64. This represents a 11.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI traded up $0.17 during midday trading on Monday, reaching $54.72. 1,234,754 shares of the company were exchanged, compared to its average volume of 400,834. The stock’s 50-day moving average price is $43.42 and its 200-day moving average price is $41.04. The stock has a market cap of $1.15 billion, a P/E ratio of 27.64, a PEG ratio of 1.77 and a beta of 1.35. BJ’s Restaurants, Inc. has a one year low of $28.46 and a one year high of $56.21. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on BJRI shares. DA Davidson began coverage on BJ’s Restaurants in a research note on Friday, March 6th. They set a “neutral” rating and a $38.00 price target on the stock. Barclays lowered their price objective on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research note on Wednesday, May 6th. Piper Sandler raised their price objective on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. 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 research report on Thursday, April 2nd. Finally, Benchmark boosted their target price on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BJRI. CWM LLC grew 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 valued at $28,000 after buying an additional 456 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of BJ’s Restaurants by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 265 shares during the period. Quarry LP raised its position in shares of BJ’s Restaurants by 1,618.3% during the third 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 last quarter. Kemnay Advisory Services Inc. bought a new position in shares of BJ’s Restaurants during the fourth quarter worth about $63,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of BJ’s Restaurants by 77.5% in the second quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 1,012 shares during the period. 99.95% of the stock is owned by institutional investors.

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.