BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 7,341 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Brian Krakower sold 7,341 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.17, for a total transaction of $405,002.97. Following the sale, the executive vice president owned 4,721 shares in the company, valued at approximately $260,457.57. This represents a 60.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Restaurants Trading Up 0.3%

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

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $358.12 million during the quarter, compared to analyst estimates of $356.97 million. BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. As a group, research analysts predict that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on BJRI shares. Citigroup lowered their target price 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. Piper Sandler upped their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings cut BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays lowered 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. Finally, Benchmark lifted their price objective 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. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned 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 large investors have recently bought and sold shares of BJRI. UBS Group AG lifted its stake in shares of BJ’s Restaurants by 576.9% in the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares during the period. Vanguard Group Inc. lifted its stake in BJ’s Restaurants by 23.5% in the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock valued at $102,665,000 after buying an additional 640,648 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BJ’s Restaurants by 48.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after buying an additional 306,930 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of BJ’s Restaurants during the 2nd quarter worth approximately $13,380,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of BJ’s Restaurants during the 4th quarter worth approximately $10,863,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.