BJ’s Restaurants, Inc. (NASDAQ:BJRI) VP Gregory S. Lynds sold 3,621 shares of BJ’s Restaurants stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $30.48, for a total transaction of $110,368.08. Following the completion of the sale, the vice president now directly owns 19,103 shares of the company’s stock, valued at $582,259.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
BJ’s Restaurants, Inc. (NASDAQ:BJRI) traded up $0.66 during trading hours on Friday, hitting $31.20. 552,547 shares of the company traded hands, compared to its average volume of 526,867. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. The firm has a market cap of $632.41, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. BJ’s Restaurants, Inc. has a 1-year low of $28.00 and a 1-year high of $47.55.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts forecast that BJ’s Restaurants, Inc. will post 1.41 EPS for the current year.
The company also recently disclosed a special dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 10th.
Several analysts have commented on BJRI shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $39.00 target price on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Barclays PLC decreased their price target on shares of BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a report on Wednesday, July 19th. Canaccord Genuity upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, July 14th. Robert W. Baird reiterated a “hold” rating and issued a $36.00 price target on shares of BJ’s Restaurants in a report on Thursday, October 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.89.
Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in BJ’s Restaurants by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of BJ’s Restaurants by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 657 shares during the last quarter. SG Americas Securities LLC increased its position in shares of BJ’s Restaurants by 20.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 877 shares during the last quarter. Pacad Investment Ltd. increased its position in shares of BJ’s Restaurants by 1.8% in the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after purchasing an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth about $231,000. Hedge funds and other institutional investors own 97.32% of the company’s stock.
BJ’s Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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