BJ's Restaurants (NASDAQ:BJRI) SVP Sells $145,541.76 in 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 stock was 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 in the company, valued at $252,611.84. This trade represents a 36.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BJ's Restaurants Stock Up 1.6%

Shares of BJRI stock traded up $0.57 during trading hours on Tuesday, hitting $35.40. 920,074 shares of the company's stock traded hands, compared to its average volume of 668,608. The stock has a market cap of $783.05 million, a price-to-earnings ratio of 29.75, a PEG ratio of 1.18 and a beta of 1.59. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $40.46 and its two-hundred day simple moving average is $38.06. BJ's Restaurants, Inc. has a 12-month low of $27.89 and a 12-month high of $47.02.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $0.72 EPS. The business's revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that BJ's Restaurants, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BJRI. Barclays increased their price objective on shares of BJ's Restaurants from $33.00 to $37.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Piper Sandler boosted their price target on BJ's Restaurants from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Benchmark upgraded BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research note on Monday, August 4th. Sanford C. Bernstein set a $33.00 target price on BJ's Restaurants and gave the company an "underweight" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded BJ's Restaurants from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, BJ's Restaurants currently has a consensus rating of "Hold" and an average target price of $39.67.

Institutional Investors Weigh In On BJ's Restaurants

Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. increased its holdings in shares of BJ's Restaurants by 103.2% during the 1st quarter. Nomura Holdings Inc. now owns 1,700,780 shares of the restaurant operator's stock worth $58,269,000 after buying an additional 863,749 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BJ's Restaurants by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,242,137 shares of the restaurant operator's stock worth $43,642,000 after acquiring an additional 78,852 shares during the period. American Century Companies Inc. lifted its holdings in shares of BJ's Restaurants by 6.6% in the second quarter. American Century Companies Inc. now owns 824,597 shares of the restaurant operator's stock valued at $36,777,000 after purchasing an additional 51,062 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in BJ's Restaurants by 233.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 628,445 shares of the restaurant operator's stock worth $28,029,000 after purchasing an additional 440,078 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in BJ's Restaurants by 2.6% during the second quarter. Emerald Advisers LLC now owns 593,478 shares of the restaurant operator's stock worth $26,469,000 after purchasing an additional 15,151 shares during the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

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 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.

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