BJ’s Restaurants, Inc. (BJRI) VP Lon Ledwith Sells 4,707 Shares of Stock
BJ’s Restaurants, Inc. (NASDAQ:BJRI) VP Lon Ledwith sold 4,707 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $31.80, for a total value of $149,682.60. Following the transaction, the vice president now directly owns 11,867 shares of the company’s stock, valued at $377,370.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of BJ’s Restaurants, Inc. (BJRI) opened at $31.60 on Tuesday. The stock has a market capitalization of $643.76, a P/E ratio of 19.38, a P/E/G ratio of 1.45 and a beta of 0.92. BJ’s Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $47.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.56.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.09). The company had revenue of $247.00 million for the quarter, compared to analyst estimates of $248.73 million. BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. analysts forecast that BJ’s Restaurants, Inc. will post 1.41 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 10th. BJ’s Restaurants’s dividend payout ratio is currently 7.24%.
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Several analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $39.00 target price on shares of BJ’s Restaurants in a report on Thursday, August 31st. Barclays PLC dropped their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a report on Wednesday, July 19th. Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of BJ’s Restaurants in a report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and issued a $42.00 price objective on shares of BJ’s Restaurants in a research note on Friday, October 6th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.89.
A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of BJ’s Restaurants by 34.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock valued at $4,934,000 after purchasing an additional 33,810 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of BJ’s Restaurants by 4.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock valued at $25,440,000 after purchasing an additional 29,949 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at $417,000. Westpac Banking Corp acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at $309,000. Finally, BlackRock Inc. boosted its holdings in shares of BJ’s Restaurants by 132,808.6% in the 1st quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock valued at $101,752,000 after purchasing an additional 2,516,723 shares in the last quarter. 99.00% of the stock is currently owned by institutional investors and hedge funds.
About BJ’s Restaurants
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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