BJ’s Restaurants, Inc. (NASDAQ:BJRI) Insider Sells $82,342.80 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the sale, the insider now directly owns 5,339 shares of the company’s stock, valued at $190,068.40. The trade was a 30.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BJ’s Restaurants Trading Down 1.5 %

Shares of BJ’s Restaurants stock opened at $35.81 on Friday. The company has a fifty day moving average of $33.83 and a 200 day moving average of $33.67. BJ’s Restaurants, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The company has a market capitalization of $817.08 million, a P/E ratio of 28.65, a P/E/G ratio of 2.04 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the business posted ($0.16) EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BJRI has been the subject of several research reports. Piper Sandler upped their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a report on Friday, November 1st. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays cut their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.57.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in BJ’s Restaurants by 10.3% in the 1st quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator’s stock worth $554,000 after purchasing an additional 1,432 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of BJ’s Restaurants by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock worth $736,000 after buying an additional 390 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BJ’s Restaurants by 21.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock valued at $10,716,000 after buying an additional 51,364 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in BJ’s Restaurants by 61.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator’s stock valued at $380,000 after buying an additional 4,000 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in BJ’s Restaurants by 12.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator’s stock worth $731,000 after acquiring an additional 2,286 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.