BJ’s Restaurants, Inc. (NASDAQ:BJRI) Insider Sells $27,290.07 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 801 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $34.07, for a total value of $27,290.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BJ’s Restaurants, Inc. (NASDAQ BJRI) traded down $0.80 during midday trading on Wednesday, hitting $36.40. 219,109 shares of the stock were exchanged, compared to its average volume of 448,803. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. BJ’s Restaurants, Inc. has a 52 week low of $28.00 and a 52 week high of $47.55. The firm has a market capitalization of $768.59, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The business had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. research analysts predict that BJ’s Restaurants, Inc. will post 1.39 earnings per share for the current year.

The business also recently announced a special dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 10th. BJ’s Restaurants’s payout ratio is presently 7.24%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC grew its stake in shares of BJ’s Restaurants by 3.5% in the third quarter. Segall Bryant & Hamill LLC now owns 94,818 shares of the restaurant operator’s stock worth $2,887,000 after purchasing an additional 3,248 shares during the last quarter. Magnetar Financial LLC raised its holdings in shares of BJ’s Restaurants by 70.6% during the third quarter. Magnetar Financial LLC now owns 17,523 shares of the restaurant operator’s stock valued at $534,000 after purchasing an additional 7,251 shares during the period. Engineers Gate Manager LP raised its holdings in shares of BJ’s Restaurants by 207.9% during the third quarter. Engineers Gate Manager LP now owns 49,802 shares of the restaurant operator’s stock valued at $1,516,000 after purchasing an additional 33,628 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of BJ’s Restaurants by 31.0% during the third quarter. Pinebridge Investments L.P. now owns 25,902 shares of the restaurant operator’s stock valued at $789,000 after purchasing an additional 6,131 shares during the period. Finally, KBC Group NV raised its holdings in shares of BJ’s Restaurants by 11.4% during the third quarter. KBC Group NV now owns 84,482 shares of the restaurant operator’s stock valued at $2,572,000 after purchasing an additional 8,664 shares during the period. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 18th. Jefferies Group restated a “hold” rating and set a $39.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Stifel Nicolaus started coverage on shares of BJ’s Restaurants in a research report on Monday, October 2nd. They set a “hold” rating and a $32.00 price objective for the company. Finally, Barclays cut their price objective on shares of BJ’s Restaurants from $29.00 to $27.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Two 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. BJ’s Restaurants has an average rating of “Hold” and an average price target of $36.89.

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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.

Insider Buying and Selling by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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