BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 4,049 Shares

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Noah Elbogen sold 4,049 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $47.85, for a total transaction of $193,744.65. Following the completion of the transaction, the director directly owned 76,235 shares in the company, valued at $3,647,844.75. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

BJ’s Restaurants Price Performance

BJRI traded down $0.33 during trading on Monday, hitting $46.72. 259,725 shares of the company traded hands, compared to its average volume of 364,666. The company has a market cap of $982.05 million, a PE ratio of 23.60, a P/E/G ratio of 1.52 and a beta of 1.35. The stock’s 50-day simple moving average is $39.33 and its two-hundred day simple moving average is $39.66. BJ’s Restaurants, Inc. has a 1 year low of $28.46 and a 1 year high of $47.99. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The company had revenue of $358.12 million during the quarter, compared to the consensus estimate of $356.97 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler increased their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays reduced their price objective on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 6th. Benchmark upped their price objective on BJ’s Restaurants from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. DA Davidson started coverage on shares of BJ’s Restaurants in a report on Friday, March 6th. They issued a “neutral” rating and a $38.00 target price for the company. Finally, Weiss Ratings cut shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of BJ’s Restaurants by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after acquiring an additional 640,648 shares during the last quarter. UBS Group AG grew its holdings in BJ’s Restaurants by 576.9% during the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares during the last quarter. Dimensional Fund Advisors LP raised its position in BJ’s Restaurants by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,114,685 shares of the restaurant operator’s stock worth $39,125,000 after purchasing an additional 30,684 shares during the period. Arrowstreet Capital Limited Partnership raised its position in BJ’s Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after purchasing an additional 306,930 shares during the period. Finally, American Century Companies Inc. lifted its stake in BJ’s Restaurants by 7.6% in the third quarter. American Century Companies Inc. now owns 886,918 shares of the restaurant operator’s stock worth $27,078,000 after purchasing an additional 62,321 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

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.