BJ's Restaurants (NASDAQ:BJRI) EVP Kendra Miller Sells 10,217 Shares

Key Points

• Executive sale: EVP Kendra Miller sold 10,217 BJ’s Restaurants shares for approximately $708,140, reducing her position by 26.32% to 28,599 shares.
• Strong quarterly results: BJ’s reported $0.94 EPS and $388.89 million in revenue, surpassing analyst estimates, while revenue increased 6.4% year over year.
• Mixed analyst outlook: The stock has a consensus “Hold” rating and a $56.88 target price, despite recent upgrades and a share price near its 12-month high at $69.55.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) EVP Kendra Miller sold 10,217 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $69.31, for a total transaction of $708,140.27. Following the sale, the executive vice president owned 28,599 shares of the company's stock, valued at $1,982,196.69. This trade represents a 26.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BJ's Restaurants Price Performance

BJ's Restaurants stock traded down $0.34 during trading hours on Friday, hitting $69.55. 436,048 shares of the stock were exchanged, compared to its average volume of 419,701. The stock has a market capitalization of $1.48 billion, a P/E ratio of 37.19, a P/E/G ratio of 2.07 and a beta of 1.32. The business's 50-day moving average is $58.56 and its two-hundred day moving average is $46.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.25 and a current ratio of 0.29. BJ's Restaurants, Inc. has a 12 month low of $28.46 and a 12 month high of $74.60.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $388.89 million during the quarter, compared to the consensus estimate of $377.07 million. BJ's Restaurants had a return on equity of 12.93% and a net margin of 2.86%.The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Equities research analysts expect that BJ's Restaurants, Inc. will post 2.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BJRI has been the subject of a number of research analyst reports. William Blair raised shares of BJ's Restaurants from a "market perform" rating to an "outperform" rating in a research note on Friday, July 17th. Mizuho set a $74.00 price objective on shares of BJ's Restaurants in a research report on Friday, July 31st. Piper Sandler increased their price objective on BJ's Restaurants from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Benchmark boosted their target price on BJ's Restaurants from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Zacks Research raised BJ's Restaurants from a "hold" rating to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $56.88.

Hedge Funds Weigh In On BJ's Restaurants

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of BJ's Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 456 shares during the last quarter. Quarry LP boosted its position in shares of BJ's Restaurants by 1,618.3% in the 3rd quarter. Quarry LP now owns 1,031 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 971 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of BJ's Restaurants in the 4th quarter worth $63,000. US Bancorp DE grew its stake in shares of BJ's Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator's stock worth $101,000 after purchasing an additional 418 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of BJ's Restaurants by 77.5% during the second quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator's stock worth $103,000 after purchasing an additional 1,012 shares during the period. 99.95% of the stock is owned by institutional investors.

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.

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