BJ’s Restaurants (NASDAQ:BJRI) Director C Bradford Richmond Acquires 500 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director C Bradford Richmond bought 500 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $61.05 per share, with a total value of $30,525.00. Following the completion of the transaction, the director directly owned 36,000 shares of the company’s stock, valued at approximately $2,197,800. The trade was a 1.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

C Bradford Richmond also recently made the following trade(s):

• On Monday, August 31st, C Bradford Richmond purchased 753 shares of BJ’s Restaurants stock. The shares were purchased at an average cost of $63.25 per share, for a total transaction of $47,627.25.

BJ’s Restaurants Stock Down 1.7%

BJRI stock opened at $60.71 on Thursday. The stock has a fifty day moving average of $64.83 and a 200-day moving average of $49.33. BJ’s Restaurants, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $74.60. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $388.89 million for the quarter, compared to the consensus estimate 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 revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, equities research analysts predict that BJ’s Restaurants, Inc. will post 2.37 earnings per share for the current year.

Institutional Trading of BJ’s Restaurants

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of BJ’s Restaurants during the 2nd quarter valued at $200,006,000. UBS Group AG raised its position in shares of BJ’s Restaurants by 576.9% in the third quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock worth $44,326,000 after buying an additional 1,237,383 shares in the last quarter. California State Teachers Retirement System raised its position in shares of BJ’s Restaurants by 5,787.3% in the second quarter. California State Teachers Retirement System now owns 1,161,982 shares of the restaurant operator’s stock worth $70,579,000 after buying an additional 1,142,245 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BJ’s Restaurants by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,114,685 shares of the restaurant operator’s stock valued at $39,125,000 after buying an additional 30,684 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in BJ’s Restaurants by 48.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after buying an additional 306,930 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BJRI. DA Davidson set a $65.00 target price on shares of BJ’s Restaurants in a report on Friday, July 31st. William Blair upgraded BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a research report on Friday, July 17th. Benchmark lifted their price target on BJ’s Restaurants from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Citigroup boosted 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. Finally, Barclays dropped their price objective on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.88.

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.