BJ's Restaurants Trading Down 2.1% on Insider Selling (BJRI)
BJ's Restaurants (NASDAQ:BJRI) shares dropped 2.1% on Friday following insider selling activity, StockRatingsNetwork reports. The stock traded as low as $35.95 and last traded at $36.14, with a volume of 157,927 shares. The stock had previously closed at $36.90.
Specifically, VP Wayne L. Jones unloaded 1,187 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $37.00, for a total value of $43,919.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on BJRI. Analysts at Buckingham Research raised their price target on shares of BJ's Restaurants from $40.00 to $44.00 in a research note on Friday. Separately, analysts at Zacks upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. They now have a $43.00 price target on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $43.00 price target on the stock, up previously from $38.00. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. BJ's Restaurants presently has an average rating of “Hold” and an average target price of $33.44.
The stock’s 50-day moving average is $34.3 and its 200-day moving average is $32.06. The company has a market cap of $1.019 billion and a price-to-earnings ratio of 62.44.
BJ's Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.06. The company had revenue of $219.40 million for the quarter, compared to the consensus estimate of $219.25 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that BJ's Restaurants will post $0.77 earnings per share for the current fiscal year.
BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.
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