Kevin E. Mayer Sells 1,846 Shares of BJ’s Restaurants, Inc. (BJRI) Stock

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) VP Kevin E. Mayer sold 1,846 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $75.61, for a total transaction of $139,576.06. Following the sale, the vice president now owns 6,121 shares of the company’s stock, valued at $462,808.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin E. Mayer also recently made the following trade(s):

  • On Tuesday, August 7th, Kevin E. Mayer sold 925 shares of BJ’s Restaurants stock. The stock was sold at an average price of $62.85, for a total transaction of $58,136.25.

Shares of NASDAQ BJRI opened at $74.70 on Thursday. The firm has a market cap of $1.59 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.34 and a beta of 0.74. BJ’s Restaurants, Inc. has a 12-month low of $28.00 and a 12-month high of $76.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.15. BJ’s Restaurants had a net margin of 5.35% and a return on equity of 15.76%. The firm had revenue of $287.63 million for the quarter, compared to analyst estimates of $283.22 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that BJ’s Restaurants, Inc. will post 2.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 13th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, August 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is 31.21%.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of BJ’s Restaurants by 10.2% in the second quarter. BlackRock Inc. now owns 3,168,825 shares of the restaurant operator’s stock valued at $190,129,000 after buying an additional 292,172 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BJ’s Restaurants by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,211,415 shares of the restaurant operator’s stock valued at $54,393,000 after buying an additional 7,303 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in shares of BJ’s Restaurants in the second quarter valued at $28,901,000. Russell Investments Group Ltd. lifted its stake in shares of BJ’s Restaurants by 209.6% in the first quarter. Russell Investments Group Ltd. now owns 450,575 shares of the restaurant operator’s stock valued at $20,222,000 after buying an additional 305,023 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of BJ’s Restaurants by 434.7% in the second quarter. Acadian Asset Management LLC now owns 385,173 shares of the restaurant operator’s stock valued at $23,108,000 after buying an additional 313,144 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on BJRI shares. Stephens reiterated a “buy” rating and set a $70.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 20th. Zacks Investment Research lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. BidaskClub raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Stifel Nicolaus increased their target price on shares of BJ’s Restaurants from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, Maxim Group began coverage on shares of BJ’s Restaurants in a research note on Wednesday, August 22nd. They set a “buy” rating and a $81.00 target price on the stock. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.58.

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. As of June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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