BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 25,350 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Gregory Lynds sold 25,350 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $67.47, for a total value of $1,710,364.50. Following the completion of the transaction, the executive vice president owned 46,474 shares of the company’s stock, valued at $3,135,600.78. The trade was a 35.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

BJ’s Restaurants Stock Performance

BJRI traded up $0.47 during trading on Wednesday, reaching $67.85. 477,082 shares of the company’s stock were exchanged, compared to its average volume of 529,565. The company has a market capitalization of $1.44 billion, a P/E ratio of 36.28, a PEG ratio of 2.05 and a beta of 1.32. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $58.09 and a 200 day moving average price of $46.10. BJ’s Restaurants, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $74.60.

BJ’s Restaurants (NASDAQ:BJRI) last released 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 net margin of 2.86% and a return on equity of 12.93%. The company had revenue of $388.89 million during the quarter, compared to the consensus estimate of $377.07 million. During the same period last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts predict that BJ’s Restaurants, Inc. will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BJ’s Restaurants

Several institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in 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 purchasing an additional 456 shares in the last quarter. Quarry LP increased its stake in shares of BJ’s Restaurants by 1,618.3% in the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 971 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of BJ’s Restaurants in the fourth quarter valued at about $63,000. US Bancorp DE lifted its position 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 worth $101,000 after buying an additional 418 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in BJ’s Restaurants by 77.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BJRI. Benchmark upped their price objective on BJ’s Restaurants from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, July 31st. DA Davidson set a $65.00 price objective on BJ’s Restaurants in a report on Friday, July 31st. Weiss Ratings downgraded shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Mizuho set a $74.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 31st. Finally, Barclays dropped their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.88.

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.