BJ’s Restaurants, Inc. (NASDAQ:BJRI) Insider Sells $82,342.80 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 2,313 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the transaction, the insider now owns 5,339 shares in the company, valued at $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BJ’s Restaurants Stock Down 1.5 %

Shares of NASDAQ BJRI traded down $0.56 during trading hours on Friday, hitting $35.81. 330,240 shares of the stock were exchanged, compared to its average volume of 386,226. The firm has a fifty day moving average price of $33.83 and a 200-day moving average price of $33.66. The company has a market cap of $817.18 million, a PE ratio of 28.65, a PEG ratio of 2.04 and a beta of 2.10. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. BJ’s Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The business had revenue of $325.70 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the firm earned ($0.16) earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts expect that BJ’s Restaurants, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

BJRI has been the subject of several recent analyst reports. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays decreased their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.57.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds have recently modified their holdings of BJRI. BNP Paribas Financial Markets increased its stake in BJ’s Restaurants by 10.3% during the 1st quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator’s stock valued at $554,000 after purchasing an additional 1,432 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of BJ’s Restaurants by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock valued at $736,000 after acquiring an additional 390 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of BJ’s Restaurants by 21.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock valued at $10,716,000 after acquiring an additional 51,364 shares during the period. State Board of Administration of Florida Retirement System raised its stake in BJ’s Restaurants by 61.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator’s stock worth $380,000 after acquiring an additional 4,000 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in BJ’s Restaurants by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator’s stock worth $731,000 after acquiring an additional 2,286 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.