Kendra D. Miller Sells 4,899 Shares of BJ’s Restaurants, Inc. (BJRI) Stock

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BJ’s Restaurants, Inc. (NASDAQ:BJRI) VP Kendra D. Miller sold 4,899 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $65.25, for a total transaction of $319,659.75. Following the completion of the transaction, the vice president now owns 8,909 shares of the company’s stock, valued at $581,312.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of BJRI opened at $65.96 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 46.78, a P/E/G ratio of 1.85 and a beta of 1.04. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. BJ’s Restaurants, Inc. has a 1-year low of $30.45 and a 1-year high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.16. The business had revenue of $270.27 million for the quarter, compared to the consensus estimate of $262.89 million. BJ’s Restaurants had a net margin of 5.80% and a return on equity of 16.70%. BJ’s Restaurants’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. On average, analysts anticipate that BJ’s Restaurants, Inc. will post 2.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. BJ’s Restaurants’s dividend payout ratio (DPR) is 31.21%.

A number of equities research analysts recently weighed in on the stock. Maxim Group assumed coverage on shares of BJ’s Restaurants in a research note on Wednesday, August 22nd. They issued a “buy” rating and a $81.00 target price on the stock. Piper Jaffray Companies raised shares of BJ’s Restaurants from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Morgan Stanley raised their target price on shares of BJ’s Restaurants from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Thursday, October 18th. Gordon Haskett assumed coverage on shares of BJ’s Restaurants in a research note on Thursday, October 18th. They issued an “underperform” rating on the stock. Finally, BidaskClub raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $66.75.

Several hedge funds have recently bought and sold shares of BJRI. PNC Financial Services Group Inc. raised its stake in shares of BJ’s Restaurants by 113.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 963 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of BJ’s Restaurants during the first quarter worth approximately $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of BJ’s Restaurants during the second quarter worth approximately $230,000. First Capital Advisors Group LLC. purchased a new position in shares of BJ’s Restaurants during the third quarter worth approximately $231,000. Finally, Bessemer Group Inc. purchased a new position in shares of BJ’s Restaurants during the second quarter worth approximately $234,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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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 September 4, 2018, the company owned and operated 201 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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