BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 3,475 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Brian Krakower sold 3,475 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $46.71, for a total transaction of $162,317.25. Following the completion of the sale, the executive vice president directly owned 4,721 shares of the company’s stock, valued at $220,517.91. This represents a 42.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BJ’s Restaurants Trading Down 0.7%

Shares of BJRI stock traded down $0.33 during mid-day trading on Monday, reaching $46.72. The stock had a trading volume of 259,725 shares, compared to its average volume of 364,666. The stock’s 50-day moving average price is $39.33 and its two-hundred day moving average price is $39.66. BJ’s Restaurants, Inc. has a 52-week low of $28.46 and a 52-week high of $47.99. The firm has a market capitalization of $982.05 million, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.52 and a beta of 1.35. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The firm had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $356.97 million. During the same quarter in the previous year, the firm posted $0.59 EPS. BJ’s Restaurants’s revenue was up 2.9% compared to the same quarter last year. Equities analysts expect that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on BJRI shares. Barclays reduced their price target on shares of 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. Citigroup reduced their price target on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. DA Davidson assumed coverage on shares of BJ’s Restaurants in a report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective on the stock. Finally, Mizuho cut their price objective on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, BJ’s Restaurants presently has an average rating of “Hold” and an average target price of $42.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its stake 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 in the last quarter. Quarry LP lifted its position in BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 971 shares during the period. GAMMA Investing LLC lifted its position in BJ’s Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 265 shares during the period. Kemnay Advisory Services Inc. bought a new position in BJ’s Restaurants during the fourth quarter valued at approximately $63,000. Finally, US Bancorp DE lifted its position 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 valued at $101,000 after purchasing an additional 418 shares during the period. Institutional investors own 99.95% of the company’s 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.