Insider Selling: BJ’s Restaurants (NASDAQ:BJRI) EVP Sells $360,266.64 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Kendra Miller sold 7,419 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.56, for a total value of $360,266.64. Following the sale, the executive vice president owned 28,599 shares of the company’s stock, valued at approximately $1,388,767.44. This represents a 20.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BJ’s Restaurants Trading Up 1.5%

NASDAQ BJRI opened at $52.62 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.70 and a beta of 1.35. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $53.53. The business has a 50 day moving average price of $41.47 and a 200-day moving average price of $40.36. 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 (NASDAQ:BJRI) last released its quarterly earnings data on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $358.12 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.59 EPS. As a group, equities analysts expect that BJ’s Restaurants, Inc. will post 2.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BJRI. DA Davidson began coverage on BJ’s Restaurants in a report on Friday, March 6th. They set a “neutral” rating and a $38.00 price target for the company. Weiss Ratings downgraded BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays decreased their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a report on Wednesday, May 6th. Piper Sandler upped 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. Finally, Mizuho decreased their price target 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. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.00.

Institutional Investors Weigh In On BJ’s Restaurants

Several institutional investors have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. bought a new position in BJ’s Restaurants in the 3rd quarter valued at $2,514,000. Envestnet Asset Management Inc. bought a new position in BJ’s Restaurants in the 3rd quarter valued at $1,662,000. Vanguard Group Inc. grew its stake in BJ’s Restaurants by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock valued at $102,665,000 after purchasing an additional 640,648 shares during the period. American Century Companies Inc. grew its stake in BJ’s Restaurants by 7.6% in the 3rd quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock valued at $27,078,000 after purchasing an additional 62,321 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in BJ’s Restaurants by 50.0% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 411,750 shares of the restaurant operator’s stock valued at $12,571,000 after purchasing an additional 137,283 shares during the period. Institutional investors own 99.95% of the company’s stock.

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.