C Bradford Richmond Acquires 500 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Richmond bought 500 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $61.05 per share, for a total transaction of $30,525.00. Following the acquisition, the director directly owned 36,500 shares in the company, valued at approximately $2,228,325. This represents a 1.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

C Bradford Richmond also recently made the following trade(s):

• On Monday, August 31st, C Richmond purchased 753 shares of BJ’s Restaurants stock. The shares were acquired at an average cost of $63.25 per share, with a total value of $47,627.25.

BJ’s Restaurants Stock Down 3.1%

Shares of NASDAQ BJRI opened at $58.82 on Friday. The stock has a fifty day moving average price of $64.88 and a 200 day moving average price of $49.46. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. BJ’s Restaurants, Inc. has a 12-month low of $28.46 and a 12-month high of $74.60. The company has a market cap of $1.25 billion, a P/E ratio of 31.45, a P/E/G ratio of 1.83 and a beta of 1.30.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The company had revenue of $388.89 million for the quarter, compared to analysts’ expectations of $377.07 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that BJ’s Restaurants, Inc. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in BJ’s Restaurants by 14.5% during the 3rd quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 418 shares in the last quarter. CWM LLC raised its position in shares of BJ’s Restaurants by 187.7% in the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 456 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at approximately $28,000. Franklin Resources Inc. boosted its stake in shares of BJ’s Restaurants by 4.3% during the 4th 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 during the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of BJ’s Restaurants during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on BJRI shares. DA Davidson set a $65.00 price target on BJ’s Restaurants in a research report on Friday, July 31st. Weiss Ratings upgraded shares of BJ’s Restaurants from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Piper Sandler lifted their price objective on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Benchmark boosted their target price on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of BJ’s Restaurants from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.88.

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.