BJ's Restaurants, Inc. (NASDAQ:BJRI) insider Alex Puchner sold 3,660 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $44.29, for a total transaction of $162,101.40. Following the completion of the sale, the insider now owns 2,323 shares of the company’s stock, valued at $102,885.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BJ's Restaurants, Inc. (NASDAQ:BJRI) traded down $0.40 during trading hours on Wednesday, reaching $43.30. 243,295 shares of the company were exchanged, compared to its average volume of 395,832. BJ's Restaurants, Inc. has a 1 year low of $28.00 and a 1 year high of $47.55. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.63. The stock has a market cap of $896.03, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.59 and a beta of 0.81.
BJ's Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $261.10 million for the quarter, compared to analyst estimates of $259.34 million. BJ's Restaurants had a net margin of 4.34% and a return on equity of 12.07%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. equities research analysts anticipate that BJ's Restaurants, Inc. will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, March 12th. BJ's Restaurants’s dividend payout ratio (DPR) is presently 10.53%.
Several large investors have recently added to or reduced their stakes in BJRI. Segall Bryant & Hamill LLC raised its stake in BJ's Restaurants by 9.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 103,643 shares of the restaurant operator’s stock valued at $3,773,000 after purchasing an additional 8,825 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in BJ's Restaurants in the 4th quarter valued at about $331,000. Gotham Asset Management LLC raised its stake in BJ's Restaurants by 74.9% in the 4th quarter. Gotham Asset Management LLC now owns 26,406 shares of the restaurant operator’s stock valued at $961,000 after purchasing an additional 11,307 shares during the last quarter. MainStreet Investment Advisors LLC acquired a new position in BJ's Restaurants in the 4th quarter valued at about $1,405,000. Finally, Jane Street Group LLC acquired a new position in BJ's Restaurants in the 4th quarter valued at about $569,000. 94.61% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on BJRI. Barclays reissued an “underweight” rating and set a $30.00 price target (up previously from $27.00) on shares of BJ's Restaurants in a research report on Tuesday, January 16th. Stifel Nicolaus raised shares of BJ's Restaurants from a “hold” rating to a “buy” rating and raised their target price for the company from $32.00 to $44.00 in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Wedbush raised shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating and raised their target price for the company from $37.00 to $44.00 in a report on Thursday, February 15th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of BJ's Restaurants in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.56.
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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.
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