BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 7,535 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Noah Elbogen sold 7,535 shares of BJ’s Restaurants stock in a transaction on Monday, August 10th. The shares were sold at an average price of $70.14, for a total value of $528,504.90. Following the completion of the transaction, the director owned 71,655 shares of the company’s stock, valued at approximately $5,025,881.70. The trade was a 9.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BJ’s Restaurants Price Performance

Shares of BJRI stock opened at $69.70 on Thursday. The stock’s fifty day moving average is $60.43 and its 200-day moving average is $46.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29. The stock has a market capitalization of $1.48 billion, a PE ratio of 37.27, a PEG ratio of 2.06 and a beta of 1.32. BJ’s Restaurants, Inc. has a 52 week low of $28.46 and a 52 week high of $74.60.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. BJ’s Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The company had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. During the same period last year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that BJ’s Restaurants, Inc. will post 2.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BJRI shares. DA Davidson set a $65.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 31st. Mizuho set a $74.00 price target on shares of BJ’s Restaurants in a research note on Friday, July 31st. Barclays lowered their price target on shares of 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 boosted their price objective on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Restaurants in a report on Friday, August 7th. 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 given a Sell rating to the company. Based on data from MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $56.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BJRI. US Bancorp DE raised its stake in shares of BJ’s Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock worth $101,000 after buying an additional 418 shares during the last quarter. CWM LLC lifted its holdings in BJ’s Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 456 shares during the period. Franklin Resources Inc. boosted its stake in BJ’s Restaurants by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 11,904 shares of the restaurant operator’s stock valued at $469,000 after acquiring an additional 494 shares during the last quarter. Bard Associates Inc. acquired a new stake in BJ’s Restaurants during the 2nd quarter worth $30,000. Finally, Diversified Trust Co grew its holdings in BJ’s Restaurants by 8.6% during the 1st quarter. Diversified Trust Co now owns 6,524 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 517 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.