BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) insider Brian S. Krakower sold 2,313 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the sale, the insider now directly owns 5,339 shares of the company's stock, valued at approximately $190,068.40. This represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
BJ's Restaurants Stock Down 1.5 %
BJRI stock opened at $35.81 on Friday. The business has a 50 day moving average of $33.83 and a 200 day moving average of $33.66. The firm has a market cap of $817.18 million, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.04 and a beta of 2.10. BJ's Restaurants, Inc. has a twelve month low of $27.61 and a twelve month high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. BJ's Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ's Restaurants's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. On average, research analysts forecast that BJ's Restaurants, Inc. will post 1.29 EPS for the current fiscal year.
Institutional Trading of BJ's Restaurants
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A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of BJ's Restaurants by 10.3% during the first quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator's stock valued at $554,000 after buying an additional 1,432 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of BJ's Restaurants by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator's stock worth $736,000 after purchasing an additional 390 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of BJ's Restaurants by 21.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator's stock worth $10,716,000 after purchasing an additional 51,364 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of BJ's Restaurants by 61.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator's stock valued at $380,000 after purchasing an additional 4,000 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of BJ's Restaurants by 12.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator's stock valued at $731,000 after purchasing an additional 2,286 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BJRI. Barclays decreased their price target on shares of BJ's Restaurants from $35.00 to $32.00 and set an "underweight" rating for the company in a research note on Friday, November 1st. Piper Sandler raised their target price on BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Benchmark lowered BJ's Restaurants from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $43.00 price objective on shares of BJ's Restaurants in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $38.57.
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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 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.
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