Brian S. Krakower Sells 5,504 Shares of BJ's Restaurants, Inc. (BJRI) Stock
BJ's Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 5,504 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $44.21, for a total value of $243,331.84. Following the completion of the sale, the insider now owns 3,318 shares in the company, valued at approximately $146,688.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of BJ's Restaurants, Inc. (NASDAQ:BJRI) opened at $43.70 on Wednesday. BJ's Restaurants, Inc. has a 12 month low of $28.00 and a 12 month high of $47.55. The stock has a market capitalization of $896.03, a P/E ratio of 30.56, a PEG ratio of 1.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.41 and a current ratio of 0.49.
BJ's Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The company had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $259.34 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. research analysts forecast that BJ's Restaurants, Inc. will post 1.8 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BJRI. Millennium Management LLC raised its stake in shares of BJ's Restaurants by 41.1% during the 4th quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock worth $37,330,000 after purchasing an additional 298,835 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $8,524,000. Maverick Capital Ltd. bought a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $8,173,000. Landscape Capital Management L.L.C. bought a new stake in shares of BJ's Restaurants during the 4th quarter worth approximately $6,052,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of BJ's Restaurants by 13.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock worth $32,746,000 after purchasing an additional 131,078 shares in the last quarter. Institutional investors own 94.61% of the company’s stock.
BJRI has been the topic of several research reports. Wedbush upgraded BJ's Restaurants from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $44.00 in a research note on Thursday, February 15th. Zacks Investment Research cut BJ's Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Barclays restated an “underweight” rating and issued a $30.00 target price (up previously from $27.00) on shares of BJ's Restaurants in a research note on Tuesday, January 16th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price on shares of BJ's Restaurants in a research note on Friday, February 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of BJ's Restaurants in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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