BJ’s Restaurants (NASDAQ:BJRI) Director C Bradford Richmond Acquires 753 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Bradford Richmond acquired 753 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $63.25 per share, for a total transaction of $47,627.25. Following the purchase, the director owned 35,500 shares in the company, valued at approximately $2,245,375. This represents a 2.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BJ’s Restaurants Price Performance

NASDAQ:BJRI opened at $63.59 on Tuesday. The stock has a market capitalization of $1.35 billion, a PE ratio of 34.01, a P/E/G ratio of 1.96 and a beta of 1.31. BJ’s Restaurants, Inc. has a 1-year low of $28.46 and a 1-year high of $74.60. The firm has a fifty day simple moving average of $64.54 and a 200 day simple moving average of $49.05. 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 (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $388.89 million for the quarter, compared to analyst estimates of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. On average, research analysts expect that BJ’s Restaurants, Inc. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJRI has been the subject of several recent analyst reports. Mizuho set a $74.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 31st. William Blair raised BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Citigroup upped their price objective on BJ’s Restaurants from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Piper Sandler raised their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Benchmark lifted their target price on BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, BJ’s Restaurants has an average rating of “Hold” and an average target price of $56.88.

Institutional Trading of BJ’s Restaurants

Hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd raised its holdings in BJ’s Restaurants by 114.7% in the 4th quarter. WINTON GROUP Ltd now owns 74,958 shares of the restaurant operator’s stock valued at $2,953,000 after acquiring an additional 40,037 shares during the period. Legato Capital Management LLC bought a new position in shares of BJ’s Restaurants during the fourth quarter worth approximately $1,148,000. Burney Co. bought a new position in shares of BJ’s Restaurants during the first quarter worth approximately $3,990,000. Landscape Capital Management L.L.C. acquired a new stake in BJ’s Restaurants during the 4th quarter worth approximately $5,724,000. Finally, Lisanti Capital Growth LLC acquired a new stake in BJ’s Restaurants during the 4th quarter worth approximately $3,107,000. Institutional investors and hedge funds 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.