Brian S. Krakower Sells 1,600 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) insider Brian S. Krakower sold 1,600 shares of BJ’s Restaurants stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total transaction of $56,896.00. Following the sale, the insider now owns 7,652 shares in the company, valued at approximately $272,105.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BJ’s Restaurants Stock Down 1.9 %

Shares of NASDAQ BJRI opened at $36.71 on Friday. The stock has a market cap of $858.28 million, a PE ratio of 36.71, a PEG ratio of 1.97 and a beta of 2.12. The business has a fifty day moving average of $34.30 and a two-hundred day moving average of $33.40. BJ’s Restaurants, Inc. has a 52-week low of $21.64 and a 52-week high of $38.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.35.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. BJ’s Restaurants had a return on equity of 6.51% and a net margin of 1.80%. The business had revenue of $337.33 million during the quarter, compared to analysts’ expectations of $335.35 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts expect that BJ’s Restaurants, Inc. will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of BJ’s Restaurants by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,595,522 shares of the restaurant operator’s stock valued at $60,891,000 after buying an additional 8,763 shares during the last quarter. RK Capital Management LLC raised its holdings in shares of BJ’s Restaurants by 3.8% in the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock valued at $12,301,000 after buying an additional 12,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of BJ’s Restaurants by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock valued at $11,785,000 after buying an additional 4,163 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings 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 valued at $10,716,000 after buying an additional 51,364 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of BJ’s Restaurants by 15.9% in the third quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock valued at $6,373,000 after buying an additional 37,173 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BJRI has been the topic of a number of recent research reports. Barclays lifted their price target on shares of BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, May 3rd. TheStreet upgraded shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research note on Friday, February 16th. Citigroup lifted their price target on shares of BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Wedbush reissued an “outperform” rating and set a $40.00 price objective on shares of BJ’s Restaurants in a report on Wednesday, May 1st. Finally, Benchmark lifted their price objective on BJ’s Restaurants from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.30.

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BJ’s Restaurants Company Profile

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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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