C Bradford Richmond Acquires 753 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Bradford Richmond bought 753 shares of the stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $63.25 per share, with a total value of $47,627.25. Following the acquisition, the director owned 35,500 shares in the company, valued at approximately $2,245,375. This represents a 2.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

BJ’s Restaurants Price Performance

Shares of NASDAQ:BJRI opened at $61.75 on Wednesday. The company’s fifty day moving average price is $64.71 and its 200 day moving average price is $49.19. BJ’s Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $74.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22. The firm has a market capitalization of $1.31 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.92 and a beta of 1.30.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The firm had revenue of $388.89 million during the quarter, compared to analysts’ expectations of $377.07 million. During the same period in the previous year, the company earned $0.97 earnings per share. BJ’s Restaurants’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that BJ’s Restaurants, Inc. will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Restaurants

A number of hedge funds have recently added to or reduced their stakes in BJRI. CWM LLC increased its holdings in shares of BJ’s Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of BJ’s Restaurants during the second quarter worth approximately $28,000. Bard Associates Inc. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth $30,000. Quarry LP lifted its holdings 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 purchasing an additional 971 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in BJ’s Restaurants in the 4th quarter valued at $63,000. 99.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BJRI shares. Piper Sandler upped their target price on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup lifted their price target on BJ’s Restaurants from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. DA Davidson set a $65.00 price objective on BJ’s Restaurants in a report on Friday, July 31st. Zacks Research upgraded shares of BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Benchmark lifted their target price on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.88.

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.