BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 19,261 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 19,261 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.60, for a total value of $1,070,911.60. Following the sale, the executive vice president directly owned 28,599 shares in the company, valued at $1,590,104.40. This trade represents a 40.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

BJ’s Restaurants Stock Performance

Shares of BJ’s Restaurants stock 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 company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $43.42 and its two-hundred day moving average is $41.04.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data 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). BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The company had revenue of $358.12 million for the quarter, compared to analysts’ expectations of $356.97 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts forecast that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Restaurants

Several institutional investors have recently bought and sold shares of BJRI. GAMMA Investing LLC boosted its holdings in shares of BJ’s Restaurants by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 265 shares in the last quarter. US Bancorp DE raised its holdings in BJ’s Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 418 shares in the last quarter. CWM LLC raised its holdings in BJ’s Restaurants by 187.7% during the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 456 shares in the last quarter. Franklin Resources Inc. lifted its position in BJ’s Restaurants by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator’s stock valued at $469,000 after purchasing an additional 494 shares during the period. Finally, Diversified Trust Co boosted its holdings in BJ’s Restaurants by 8.6% in the 1st quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 517 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BJRI. Citigroup dropped their price objective on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. DA Davidson assumed coverage on BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 target price for the company. Mizuho decreased their target price 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. Benchmark raised their price target on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Barclays cut their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.