BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) Director Janet Sherlock purchased 500 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $29.58 per share, for a total transaction of $14,790.00. Following the acquisition, the director now directly owns 18,454 shares in the company, valued at $545,869.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
BJ's Restaurants Stock Down 1.4 %
BJRI opened at $29.10 on Tuesday. BJ's Restaurants, Inc. has a 12 month low of $21.64 and a 12 month high of $38.87. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16. The business's 50-day moving average price is $32.58 and its 200-day moving average price is $33.92. The company has a market cap of $680.36 million, a P/E ratio of 29.10, a P/E/G ratio of 1.48 and a beta of 2.12.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.21. BJ's Restaurants had a return on equity of 7.83% and a net margin of 2.19%. The business had revenue of $349.93 million for the quarter, compared to analysts' expectations of $349.18 million. During the same period in the previous year, the firm earned $0.50 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that BJ's Restaurants, Inc. will post 1.42 EPS for the current year.
Institutional Inflows and Outflows
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Several hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in BJ's Restaurants in the 2nd quarter worth $40,000. EntryPoint Capital LLC bought a new position in shares of BJ's Restaurants during the first quarter valued at about $45,000. Quadrant Capital Group LLC boosted its holdings in shares of BJ's Restaurants by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 743 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of BJ's Restaurants in the second quarter worth about $57,000. Finally, Headlands Technologies LLC increased its holdings in BJ's Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator's stock valued at $65,000 after purchasing an additional 1,328 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BJRI has been the topic of a number of research analyst reports. Wedbush reissued an "outperform" rating and issued a $43.00 target price on shares of BJ's Restaurants in a research note on Thursday, August 29th. Benchmark lowered BJ's Restaurants from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Finally, Barclays decreased their price objective on BJ's Restaurants from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $38.63.
Get Our Latest Analysis on BJRI
About BJ's Restaurants
(
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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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.
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