Heidi Rogers Sells 4,116 Shares of BJ's Restaurants (NASDAQ:BJRI) Stock

Key Points

• BJ's Restaurants SVP Heidi Rogers sold 4,116 shares for a total of $145,541.76, resulting in a 36.55% decrease in her holdings.
• The company's stock price increased by 1.6% to $35.40 during trading hours, with a market cap of $783.05 million.
• BJ's Restaurants reported $0.97 earnings per share, exceeding expectations, and recorded a 4.5% increase in revenue year-over-year.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Get Free Report) SVP Heidi Rogers sold 4,116 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $35.36, for a total value of $145,541.76. Following the completion of the sale, the senior vice president owned 7,144 shares of the company's stock, valued at approximately $252,611.84. This represents a 36.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BJ's Restaurants Stock Up 2.2%

Shares of BJRI stock traded up $0.75 during trading hours on Friday, hitting $35.09. 796,939 shares of the company were exchanged, compared to its average volume of 682,982. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.32 and a current ratio of 0.38. BJ's Restaurants, Inc. has a one year low of $27.89 and a one year high of $47.02. The business's 50-day simple moving average is $39.93 and its two-hundred day simple moving average is $38.03. The stock has a market capitalization of $776.19 million, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.19 and a beta of 1.59.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last issued its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. BJ's Restaurants had a net margin of 1.99% and a return on equity of 11.73%. The firm had revenue of $365.60 million for the quarter, compared to analysts' expectations of $362.74 million. During the same quarter last year, the company posted $0.72 earnings per share. BJ's Restaurants's revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that BJ's Restaurants, Inc. will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in BJ's Restaurants in the 1st quarter worth approximately $69,000. Ameritas Investment Partners Inc. boosted its stake in BJ's Restaurants by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,189 shares of the restaurant operator's stock worth $98,000 after purchasing an additional 334 shares during the period. BNP Paribas Financial Markets boosted its stake in BJ's Restaurants by 77.5% in the 2nd 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. AdvisorShares Investments LLC acquired a new position in BJ's Restaurants in the 2nd quarter worth approximately $120,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in BJ's Restaurants in the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Wall Street Analyst Weigh In

BJRI has been the topic of a number of recent analyst reports. Barclays lifted their price target on BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Piper Sandler lifted their price target on BJ's Restaurants from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Wall Street Zen raised BJ's Restaurants from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Sanford C. Bernstein set a $33.00 price objective on shares of BJ's Restaurants and gave the company an "underweight" rating in a research note on Friday, May 2nd. Finally, Benchmark upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $39.67.

About BJ's Restaurants

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.