Lea Anne Ottinger Sells 2,792 Shares of BJ’s Restaurants (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Lea Anne Ottinger sold 2,792 shares of BJ’s Restaurants stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $53.50, for a total transaction of $149,372.00. Following the completion of the transaction, the director directly owned 39,701 shares of the company’s stock, valued at $2,124,003.50. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BJ’s Restaurants Stock Down 2.4%

Shares of NASDAQ BJRI opened at $53.40 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. BJ’s Restaurants, Inc. has a 12-month low of $28.46 and a 12-month high of $56.21. The firm’s 50-day moving average price is $43.74 and its 200-day moving average price is $41.15. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.77 and a beta of 1.35.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a return on equity of 13.48% and a net margin of 3.15%.The company had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $356.97 million. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that BJ’s Restaurants, Inc. will post 2.21 EPS for the current fiscal year.

Institutional Trading of BJ’s Restaurants

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in BJ’s Restaurants by 73.5% in the 1st quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator’s stock worth $11,393,000 after acquiring an additional 137,511 shares in the last quarter. California State Teachers Retirement System increased its position in shares of BJ’s Restaurants by 31.7% during the first quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator’s stock worth $693,000 after acquiring an additional 4,746 shares during the period. Royal Bank of Canada raised its stake in shares of BJ’s Restaurants by 238.0% during the first quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator’s stock valued at $572,000 after acquiring an additional 11,458 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of BJ’s Restaurants by 7.1% in the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator’s stock valued at $3,761,000 after purchasing an additional 7,080 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of BJ’s Restaurants by 7.7% in the first quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 1,178 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 6th. Piper Sandler upped their price target on shares of BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. DA Davidson began coverage on shares of BJ’s Restaurants in a research report on Friday, March 6th. They issued a “neutral” rating and a $38.00 price objective on the stock. Mizuho decreased their price objective on shares of BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Citigroup dropped their target price on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $42.00.

BJ’s Restaurants News Summary

Here are the key news stories impacting BJ’s Restaurants this week:

• Negative Sentiment: Director Lea Anne Ottinger sold 2,792 shares at an average price of $53.50, trimming her stake by 6.57%. BJ’s Restaurants (NASDAQ:BJRI) Director Lea Anne Ottinger Sells 2,792 Shares of Stock
• Negative Sentiment: EVP Gregory S. Lynds sold 6,201 shares at an average price of $55.86, reducing his position by 11.77%. BJ’s Restaurants (NASDAQ:BJRI) EVP Gregory Lynds Sells 6,201 Shares of Stock
• Negative Sentiment: Director Noah A. Elbogen sold 4,652 shares at an average price of $54.00, cutting his ownership by 5.75%. BJ’s Restaurants (NASDAQ:BJRI) Director Noah Elbogen Sells 4,652 Shares of Stock
• Negative Sentiment: EVP Brian S. Krakower sold 7,341 shares at an average price of $55.17, a 60.86% reduction in his holdings. BJ’s Restaurants (NASDAQ:BJRI) EVP Brian Krakower Sells 7,341 Shares
• Negative Sentiment: EVP Kendra D. Miller sold 19,261 shares at an average price of $55.60, trimming her stake by 40.24%. BJ’s Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 19,261 Shares of Stock

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.