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

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

BJ’s Restaurants Stock Down 2.4%

BJRI opened at $53.40 on Wednesday. BJ’s Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $56.21. The business has a 50-day moving average of $43.74 and a two-hundred day moving average of $41.15. 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 stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35.

BJ’s Restaurants (NASDAQ:BJRI) last announced 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 previous year, the company earned $0.59 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BJRI. Barclays cut their target price 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. 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 report on Thursday, April 2nd. Weiss Ratings lowered shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. DA Davidson began coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, Benchmark increased their price objective on shares of BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BJRI. GAMMA Investing LLC grew its position in BJ’s Restaurants by 39.3% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 265 shares in the last quarter. US Bancorp DE boosted its position in shares of BJ’s Restaurants by 14.5% in the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after buying an additional 418 shares during the period. CWM LLC boosted its position in shares of 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 buying an additional 456 shares during the period. Franklin Resources Inc. grew its holdings in shares of BJ’s Restaurants by 4.3% during the fourth quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator’s stock valued at $469,000 after buying an additional 494 shares in the last quarter. Finally, Diversified Trust Co raised its position in BJ’s Restaurants by 8.6% during the first quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 517 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

BJ’s Restaurants News Summary

Here are the key news stories impacting BJ’s Restaurants this week:

• Negative Sentiment: Director Lea Anne Ottinger sold 2,792 shares at an average price of $53.50, trimming her stake by 6.57%. BJ’s Restaurants (NASDAQ:BJRI) Director Lea Anne Ottinger Sells 2,792 Shares of Stock
• Negative Sentiment: EVP Gregory S. Lynds sold 6,201 shares at an average price of $55.86, reducing his position by 11.77%. BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 6,201 Shares of Stock
• Negative Sentiment: Director Noah A. Elbogen sold 4,652 shares at an average price of $54.00, cutting his ownership by 5.75%. BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 4,652 Shares of Stock
• Negative Sentiment: EVP Brian S. Krakower sold 7,341 shares at an average price of $55.17, a 60.86% reduction in his holdings. BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 7,341 Shares
• Negative Sentiment: EVP Kendra D. Miller sold 19,261 shares at an average price of $55.60, trimming her stake by 40.24%. BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 19,261 Shares of Stock

About BJ’s Restaurants

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.