Stock Traders Purchase High Volume of BJ’s Restaurants Call Options (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) saw some unusual options trading on Wednesday. Investors purchased 1,171 call options on the company. This represents an increase of approximately Infinity compared to the average volume of 0 call options.

BJ’s Restaurants (NASDAQ:BJRI) traded down $0.05 during trading on Tuesday, reaching $37.20. 290,604 shares of the company were exchanged, compared to its average volume of 449,784. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. BJ’s Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55. The stock has a market cap of $733.52, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.68 and a beta of 0.97.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The company had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. equities analysts predict that BJ’s Restaurants will post 1.39 EPS for the current year.

The firm also recently disclosed a special dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 10th. BJ’s Restaurants’s dividend payout ratio is presently 7.24%.

BJRI has been the subject of several analyst reports. Jefferies Group restated a “hold” rating and issued a $39.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Robert W. Baird restated a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a research note on Friday, September 1st. Stifel Nicolaus started coverage on shares of BJ’s Restaurants in a report on Monday, October 2nd. They issued a “hold” rating and a $32.00 target price for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 target price on shares of BJ’s Restaurants in a report on Friday, October 6th. Finally, Wells Fargo & Company dropped their target price on shares of BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.89.

In related news, Director Patrick Walsh sold 37,764 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total value of $1,192,964.76. Following the completion of the transaction, the director now directly owns 19,844 shares in the company, valued at approximately $626,871.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory Levin sold 7,209 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $34.01, for a total transaction of $245,178.09. Following the completion of the transaction, the chief financial officer now owns 45,672 shares of the company’s stock, valued at $1,553,304.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in BJ’s Restaurants by 132,808.6% in the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock valued at $101,752,000 after acquiring an additional 2,516,723 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of BJ’s Restaurants by 2.9% during the second quarter. Vanguard Group Inc. now owns 1,802,486 shares of the restaurant operator’s stock worth $67,142,000 after buying an additional 51,389 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BJ’s Restaurants by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock worth $32,746,000 after buying an additional 131,078 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of BJ’s Restaurants by 4.6% during the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after purchasing an additional 29,949 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of BJ’s Restaurants by 0.6% during the second quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock worth $19,485,000 after purchasing an additional 3,225 shares during the last quarter. Institutional investors own 92.12% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/stock-traders-purchase-large-volume-of-bjs-restaurants-call-options-bjri.html.

About BJ’s Restaurants

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

Receive News & Ratings for BJ's Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply