BJ’s Restaurants, Inc. (NASDAQ:BJRI) CEO C Bradford Richmond Buys 2,500 Shares of Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now owns 16,905 shares of the company’s stock, valued at $497,007. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

BJ’s Restaurants Stock Performance

Shares of BJRI opened at $29.52 on Friday. The stock has a market capitalization of $690.27 million, a price-to-earnings ratio of 29.52, a PEG ratio of 1.54 and a beta of 2.13. BJ’s Restaurants, Inc. has a 12 month low of $21.64 and a 12 month high of $38.87. The firm has a fifty day simple moving average of $32.68 and a 200 day simple moving average of $33.97. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The company had revenue of $349.93 million during the quarter, compared to the consensus estimate of $349.18 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Research analysts forecast that BJ’s Restaurants, Inc. will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of BJ’s Restaurants by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock worth $18,360,000 after purchasing an additional 114,008 shares during the last quarter. RK Capital Management LLC increased its holdings in BJ’s Restaurants by 3.8% during the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock worth $12,301,000 after buying an additional 12,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in BJ’s Restaurants by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock worth $11,785,000 after acquiring an additional 4,163 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in BJ’s Restaurants by 2.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 302,152 shares of the restaurant operator’s stock valued at $10,485,000 after acquiring an additional 5,976 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of BJ’s Restaurants by 14.8% in the 4th quarter. First Eagle Investment Management LLC now owns 199,624 shares of the restaurant operator’s stock valued at $7,188,000 after acquiring an additional 25,796 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJRI has been the subject of a number of research reports. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays lowered their price objective on shares of BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus target price of $38.63.

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