BJ’s Restaurants (NASDAQ:BJRI) CFO Gregory Levin sold 16,483 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $55.46, for a total value of $914,147.18. Following the completion of the sale, the chief financial officer now owns 44,500 shares of the company’s stock, valued at $2,467,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
BJ’s Restaurants opened at $51.50 on Friday, MarketBeat reports. The stock has a market cap of $1.07 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.71 and a beta of 0.71. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $57.65. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.
BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, April 26th. The restaurant operator reported $0.67 EPS for the quarter, topping the consensus estimate of $0.53 by $0.14. The firm had revenue of $278.52 million for the quarter, compared to analyst estimates of $273.86 million. BJ’s Restaurants had a return on equity of 13.81% and a net margin of 4.77%. BJ’s Restaurants’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. research analysts anticipate that BJ’s Restaurants will post 1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 28th. Shareholders of record on Monday, May 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 11th. BJ’s Restaurants’s payout ratio is currently 31.21%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in BJ’s Restaurants by 21.1% in the first quarter. BlackRock Inc. now owns 2,876,653 shares of the restaurant operator’s stock valued at $129,163,000 after purchasing an additional 502,134 shares during the period. Dimensional Fund Advisors LP grew its holdings in BJ’s Restaurants by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,211,415 shares of the restaurant operator’s stock valued at $54,393,000 after purchasing an additional 7,303 shares during the period. Millennium Management LLC grew its holdings in BJ’s Restaurants by 41.1% in the fourth quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock valued at $37,330,000 after purchasing an additional 298,835 shares during the period. Deutsche Bank AG grew its holdings in BJ’s Restaurants by 2.3% in the fourth quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock valued at $20,052,000 after purchasing an additional 12,459 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in BJ’s Restaurants by 209.6% in the first quarter. Russell Investments Group Ltd. now owns 450,575 shares of the restaurant operator’s stock valued at $20,222,000 after purchasing an additional 305,023 shares during the period. 93.54% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of BJ’s Restaurants in a report on Friday, February 23rd. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of BJ’s Restaurants in a report on Friday, February 23rd. Wedbush raised BJ’s Restaurants from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $44.00 in a report on Thursday, February 15th. Barclays increased their price objective on BJ’s Restaurants from $30.00 to $31.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price objective (up from $34.00) on shares of BJ’s Restaurants in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.44.
BJ’s Restaurants Company Profile
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. As of March 20, 2018, the company owned and operated 198 casual dining restaurants located in the 26 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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