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

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

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $54.72 on Tuesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.77 and a beta of 1.35. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $56.21. The stock has a 50 day moving average price of $43.42 and a two-hundred day moving average price of $41.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.31.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $358.12 million during the quarter, compared to the consensus estimate 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 for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. Equities analysts forecast that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BJRI. Mizuho dropped their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Barclays reduced their target price on shares of 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. Citigroup lowered their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Piper Sandler raised their price target on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional Trading of BJ’s Restaurants

A number of hedge funds have recently bought and sold shares of BJRI. CWM LLC boosted its position in BJ’s Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares during the last quarter. Quarry LP increased its position in shares of BJ’s Restaurants by 1,618.3% during the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 971 shares during the last quarter. GAMMA Investing LLC increased its position in shares of BJ’s Restaurants by 39.3% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of BJ’s Restaurants during the 4th quarter worth $63,000. Finally, US Bancorp DE raised its stake in shares of BJ’s Restaurants by 14.5% during the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 418 shares during the period. 99.95% of the stock is currently owned by institutional investors.

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.