BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 5,537 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Gregory Lynds sold 5,537 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $50.76, for a total value of $281,058.12. Following the sale, the executive vice president owned 46,474 shares in the company, valued at approximately $2,359,020.24. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BJ’s Restaurants Stock Up 1.5%

Shares of NASDAQ:BJRI opened at $52.62 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. BJ’s Restaurants, Inc. has a 52-week low of $28.46 and a 52-week high of $53.53. The stock’s fifty day simple moving average is $41.47 and its 200-day simple moving average is $40.36. The company has a market capitalization of $1.11 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.68 and a beta of 1.35.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $358.12 million for 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 period in the prior year, the company earned $0.59 EPS. As a group, equities research analysts forecast that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BJRI. CWM LLC boosted its stake in shares of BJ’s Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 456 shares in the last quarter. Quarry LP raised its holdings in BJ’s Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 971 shares in the last quarter. GAMMA Investing LLC raised its holdings in BJ’s Restaurants by 39.3% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 265 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of BJ’s Restaurants in the 4th quarter valued at approximately $63,000. Finally, US Bancorp DE grew its stake in shares of BJ’s Restaurants by 14.5% in 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 during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BJRI shares. 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 note on Wednesday, May 6th. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Piper Sandler raised their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup cut their price target on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Finally, Mizuho cut their target price on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

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.