BJ's Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 5,504 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the transaction, the insider now owns 3,318 shares in the company, valued at $146,688.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of BJ's Restaurants, Inc. (BJRI) traded down $0.39 during trading on Monday, reaching $43.70. The company had a trading volume of 222,903 shares, compared to its average volume of 415,269. BJ's Restaurants, Inc. has a one year low of $28.00 and a one year high of $47.55. The company has a market cap of $901.68, a PE ratio of 32.86, a P/E/G ratio of 1.61 and a beta of 0.81. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.63.
BJ's Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The company had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $259.34 million. During the same period last year, the firm earned $0.52 EPS. BJ's Restaurants’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts anticipate that BJ's Restaurants, Inc. will post 1.8 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on BJRI shares. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price target on shares of BJ's Restaurants in a research note on Friday, February 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of BJ's Restaurants in a report on Friday, February 23rd. BidaskClub raised BJ's Restaurants from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 target price (up from $34.00) on shares of BJ's Restaurants in a report on Monday, February 26th. Finally, Zacks Investment Research raised BJ's Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.56.
A number of large investors have recently bought and sold shares of BJRI. Victory Capital Management Inc. raised its holdings in BJ's Restaurants by 41.5% during the third quarter. Victory Capital Management Inc. now owns 6,214 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 1,823 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in BJ's Restaurants by 59.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock valued at $214,000 after acquiring an additional 2,620 shares during the period. Teacher Retirement System of Texas bought a new stake in BJ's Restaurants during the fourth quarter valued at about $230,000. Stone Ridge Asset Management LLC bought a new stake in BJ's Restaurants during the fourth quarter valued at about $255,000. Finally, Macquarie Group Ltd. bought a new stake in BJ's Restaurants during the third quarter valued at about $292,000. 94.61% of the stock is currently owned by institutional investors and hedge funds.
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BJ's Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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