Brian Krakower Sells 3,475 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) EVP Brian Krakower sold 3,475 shares of BJ’s Restaurants stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $46.71, for a total value of $162,317.25. Following the completion of the sale, the executive vice president directly owned 4,721 shares of the company’s stock, valued at $220,517.91. The trade was a 42.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $44.35 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.25. BJ’s Restaurants, Inc. has a one year low of $28.46 and a one year high of $47.99. The firm has a market capitalization of $932.24 million, a P/E ratio of 22.40, a PEG ratio of 1.51 and a beta of 1.35. The business has a fifty day moving average of $39.56 and a 200 day moving average of $39.73.

BJ’s Restaurants (NASDAQ:BJRI) last issued 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). BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The firm had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 EPS for the current year.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJRI. CWM LLC boosted its stake in BJ’s Restaurants by 187.7% during 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 last quarter. Quarry LP boosted its stake in BJ’s Restaurants by 1,618.3% during the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 971 shares during the last quarter. GAMMA Investing LLC boosted its stake in BJ’s Restaurants by 39.3% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 265 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in BJ’s Restaurants during the fourth quarter valued at approximately $63,000. Finally, US Bancorp DE boosted its stake in BJ’s Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 418 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BJRI has been the subject of several recent research reports. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays cut 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 boosted their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Citigroup cut their price target on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, DA Davidson initiated 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. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $42.00.

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.