Insider Selling: BJ’s Restaurants, Inc. (BJRI) Director Sells 28,149 Shares of Stock

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) Director Gerald W. Deitchle sold 28,149 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $74.27, for a total value of $2,090,626.23. Following the transaction, the director now owns 12,610 shares in the company, valued at approximately $936,544.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BJRI opened at $74.80 on Friday. BJ’s Restaurants, Inc. has a 1 year low of $28.00 and a 1 year high of $76.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 2.31 and a beta of 0.74.

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of BJRI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of BJ’s Restaurants during the second quarter worth about $230,000. Bessemer Group Inc. purchased a new stake in shares of BJ’s Restaurants during the second quarter worth about $234,000. Teacher Retirement System of Texas purchased a new stake in shares of BJ’s Restaurants during the second quarter worth about $249,000. SG Americas Securities LLC purchased a new stake in shares of BJ’s Restaurants during the second quarter worth about $250,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of BJ’s Restaurants during the second quarter worth about $255,000. Institutional investors own 95.27% of the company’s stock.

Several equities analysts have recently commented on BJRI shares. Barclays raised their price target on BJ’s Restaurants from $47.00 to $49.00 and gave the company a “$63.80” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, July 25th. Stifel Nicolaus lifted their target price on BJ’s Restaurants from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. BidaskClub lowered BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, Stephens reiterated a “buy” rating and issued a $70.00 target price on shares of BJ’s Restaurants in a research note on Friday, July 20th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. BJ’s Restaurants currently has an average rating of “Buy” and an average target price 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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Insider Buying and Selling by Quarter for BJ`s Restaurants (NASDAQ:BJRI)

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