Brian S. Krakower Sells 2,313 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the sale, the insider now directly owns 5,339 shares in the company, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BJ’s Restaurants Price Performance

BJRI opened at $35.81 on Friday. The firm has a market cap of $817.08 million, a PE ratio of 28.65, a P/E/G ratio of 2.04 and a beta of 2.10. The stock has a 50-day moving average price of $33.83 and a 200-day moving average price of $33.67. BJ’s Restaurants, Inc. has a 1 year low of $27.61 and a 1 year high of $38.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the business posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that BJ’s Restaurants, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BJRI. Barclays dropped their price target on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Benchmark cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Piper Sandler increased their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Restaurants presently has a consensus rating of “Hold” and a consensus target price of $38.57.

Institutional Trading of BJ’s Restaurants

Several institutional investors have recently added to or reduced their stakes in BJRI. Emerald Advisers LLC raised its stake in shares of BJ’s Restaurants by 0.7% in the third quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after purchasing an additional 4,009 shares during the last quarter. American Century Companies Inc. boosted its position in shares of BJ’s Restaurants by 27.5% during the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after buying an additional 114,008 shares during the last quarter. Geode Capital Management LLC increased its holdings in BJ’s Restaurants by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock worth $16,056,000 after buying an additional 5,075 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BJ’s Restaurants by 13.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,436 shares of the restaurant operator’s stock worth $11,150,000 after buying an additional 40,284 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in BJ’s Restaurants by 528.9% in the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock worth $5,059,000 after buying an additional 130,676 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants Company Profile

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