Brian S. Krakower Sells 2,313 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) insider Brian S. Krakower sold 2,313 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the transaction, the insider now directly owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This represents a 30.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BJ’s Restaurants Price Performance

Shares of BJRI traded down $0.56 during mid-day trading on Friday, reaching $35.81. The stock had a trading volume of 330,240 shares, compared to its average volume of 386,226. The business has a fifty day moving average of $33.83 and a 200 day moving average of $33.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. The firm has a market cap of $817.18 million, a price-to-earnings ratio of 28.65, a PEG ratio of 2.04 and a beta of 2.10. BJ’s Restaurants, Inc. has a 12 month low of $27.61 and a 12 month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The company had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the company earned ($0.16) EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts predict that BJ’s Restaurants, Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On BJ’s Restaurants

Several institutional investors have recently added to or reduced their stakes in BJRI. Verition Fund Management LLC lifted its holdings in shares of BJ’s Restaurants by 528.9% in the 3rd quarter. Verition Fund Management LLC now owns 155,383 shares of the restaurant operator’s stock valued at $5,059,000 after acquiring an additional 130,676 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in BJ’s Restaurants during the third quarter valued at approximately $4,310,000. American Century Companies Inc. lifted its stake in shares of BJ’s Restaurants by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after purchasing an additional 114,008 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of BJ’s Restaurants in the 2nd quarter worth approximately $3,250,000. Finally, Armistice Capital LLC bought a new position in shares of BJ’s Restaurants during the 2nd quarter valued at approximately $2,602,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

BJRI has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays lowered their price target on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday, November 1st. Finally, Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and an average price target of $38.57.

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.