BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Patrick Walsh sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $63.33, for a total value of $759,960.00. Following the transaction, the director now directly owns 18,603 shares of the company’s stock, valued at approximately $1,178,127.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

BJ’s Restaurants stock opened at $63.05 on Tuesday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76. BJ’s Restaurants, Inc. has a 12 month low of $28.00 and a 12 month high of $73.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, July 26th. The restaurant operator reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.15. The business had revenue of $287.63 million during the quarter, compared to analyst estimates of $283.22 million. BJ’s Restaurants had a return on equity of 15.76% and a net margin of 5.35%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. equities research analysts forecast that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Monday, August 13th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, August 10th. BJ’s Restaurants’s payout ratio is 31.21%.

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on BJ’s Restaurants from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Piper Jaffray Companies raised their price objective on BJ’s Restaurants from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Wedbush raised their price objective on BJ’s Restaurants from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Zacks Investment Research lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, ValuEngine raised BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 28th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.64.

Several institutional investors have recently bought and sold shares of BJRI. BlackRock Inc. increased its holdings in shares of BJ’s Restaurants by 21.1% in the 1st quarter. BlackRock Inc. now owns 2,876,653 shares of the restaurant operator’s stock worth $129,163,000 after purchasing an additional 502,134 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth $28,901,000. Acadian Asset Management LLC increased its holdings in shares of BJ’s Restaurants by 434.7% in the 2nd quarter. Acadian Asset Management LLC now owns 385,173 shares of the restaurant operator’s stock worth $23,108,000 after purchasing an additional 313,144 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BJ’s Restaurants by 209.6% in the 1st quarter. Russell Investments Group Ltd. now owns 450,575 shares of the restaurant operator’s stock worth $20,222,000 after buying an additional 305,023 shares during the last quarter. Finally, Matarin Capital Management LLC purchased a new position in shares of BJ’s Restaurants in the 1st quarter worth $12,654,000. 98.71% of the stock is owned by institutional investors and hedge funds.

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 June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 27 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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

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