BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Buys $14,790.00 in Stock

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Janet Sherlock acquired 500 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $29.58 per share, for a total transaction of $14,790.00. Following the purchase, the director now owns 18,454 shares of the company’s stock, valued at approximately $545,869.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BJ’s Restaurants Stock Up 1.1 %

Shares of NASDAQ BJRI opened at $28.71 on Thursday. The stock has a market cap of $671.33 million, a PE ratio of 28.71, a PEG ratio of 1.48 and a beta of 2.12. The business has a fifty day moving average of $32.28 and a two-hundred day moving average of $33.85. BJ’s Restaurants, Inc. has a 52-week low of $21.64 and a 52-week high of $38.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of BJ’s Restaurants in the second quarter valued at about $40,000. EntryPoint Capital LLC bought a new position in shares of BJ’s Restaurants in the first quarter valued at about $45,000. Quadrant Capital Group LLC raised its holdings in shares of BJ’s Restaurants by 141.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 743 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of BJ’s Restaurants in the second quarter valued at about $57,000. Finally, Headlands Technologies LLC raised its holdings in shares of BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,328 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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