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.
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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.
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