Insider Selling: BJ’s Restaurants, Inc. (NASDAQ:BJRI) Insider Sells $56,896.00 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) insider Brian S. Krakower sold 1,600 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $35.56, for a total transaction of $56,896.00. Following the transaction, the insider now directly owns 7,652 shares in the company, valued at $272,105.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BJ’s Restaurants Trading Down 1.9 %

NASDAQ BJRI opened at $36.71 on Friday. The company’s fifty day simple moving average is $34.30 and its 200-day simple moving average is $33.40. BJ’s Restaurants, Inc. has a 52 week low of $21.64 and a 52 week high of $38.76. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.15. The stock has a market cap of $858.28 million, a P/E ratio of 36.71, a PEG ratio of 1.97 and a beta of 2.12.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $337.33 million during the quarter, compared to analyst estimates of $335.35 million. BJ’s Restaurants had a net margin of 1.80% and a return on equity of 6.51%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities research analysts predict that BJ’s Restaurants, Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BJRI. TheStreet raised shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Barclays lifted their price target on shares of BJ’s Restaurants from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, May 3rd. Citigroup lifted their price target on shares of BJ’s Restaurants from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Benchmark lifted their price target on shares of BJ’s Restaurants from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.30.

Get Our Latest Stock Report on BJRI

Institutional Trading of BJ’s Restaurants

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of BJ’s Restaurants by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,595,522 shares of the restaurant operator’s stock worth $60,891,000 after acquiring an additional 8,763 shares during the last quarter. RK Capital Management LLC grew its position in shares of BJ’s Restaurants by 3.8% during the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock worth $12,301,000 after acquiring an additional 12,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of BJ’s Restaurants by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock worth $11,785,000 after acquiring an additional 4,163 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of BJ’s Restaurants by 21.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock worth $10,716,000 after acquiring an additional 51,364 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of BJ’s Restaurants by 15.9% during the third quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock worth $6,373,000 after acquiring an additional 37,173 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants Company Profile

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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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.

Further Reading

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