BJ’s Restaurants (NASDAQ:BJRI) CMO Sells $164,418.90 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CMO Heidi Rogers sold 3,090 shares of BJ’s Restaurants 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 transaction, the chief marketing officer 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 sale was disclosed in a filing with the SEC, which is available through this link.

BJ’s Restaurants Stock Up 1.2%

Shares of BJRI stock opened at $52.40 on Thursday. The stock has a 50 day moving average of $42.42 and a 200 day moving average of $40.68. 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 stock has a market cap of $1.10 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.68 and a beta of 1.35. BJ’s Restaurants, Inc. has a twelve month low of $28.46 and a twelve month high of $54.40.

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

Institutional Trading of BJ’s Restaurants

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of BJ’s Restaurants by 73.5% in the first quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator’s stock valued at $11,393,000 after buying an additional 137,511 shares in the last quarter. California State Teachers Retirement System increased its position in shares of BJ’s Restaurants by 31.7% in the first quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator’s stock valued at $693,000 after buying an additional 4,746 shares in the last quarter. Royal Bank of Canada increased its position in shares of BJ’s Restaurants by 238.0% in the first quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator’s stock valued at $572,000 after buying an additional 11,458 shares in the last quarter. Empowered Funds LLC increased its position in shares of BJ’s Restaurants by 7.1% in the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator’s stock valued at $3,761,000 after buying an additional 7,080 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of BJ’s Restaurants by 7.7% in the first quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator’s stock worth $581,000 after acquiring an additional 1,178 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BJRI. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup cut their price objective on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. DA Davidson began coverage on BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective for the company. Mizuho cut their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Barclays cut their price objective on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.