Traders Purchase High Volume of Call Options on BJ’s Restaurants (BJRI)

BJ’s Restaurants (NASDAQ:BJRI) was the recipient of some unusual options trading on Monday. Traders purchased 1,559 call options on the company. This is an increase of 1,559% compared to the average daily volume of 94 call options.

NASDAQ:BJRI opened at $49.25 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $999.58, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. BJ’s Restaurants has a 12-month low of $28.00 and a 12-month high of $49.80.

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BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $261.10 million for the quarter, compared to analyst estimates of $259.34 million. BJ’s Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. equities research analysts predict that BJ’s Restaurants will post 1.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.44 annualized dividend and a yield of 0.89%. BJ’s Restaurants’s dividend payout ratio is 15.60%.

In other news, insider Brian S. Krakower sold 5,504 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $44.21, for a total transaction of $243,331.84. Following the completion of the transaction, the insider now directly owns 3,318 shares of the company’s stock, valued at $146,688.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex Puchner sold 3,660 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $44.29, for a total value of $162,101.40. Following the transaction, the insider now directly owns 2,323 shares of the company’s stock, valued at $102,885.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 170,867 shares of company stock valued at $7,447,599. Insiders own 6.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $230,000. Stone Ridge Asset Management LLC bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $255,000. MetLife Investment Advisors LLC bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $331,000. Macquarie Group Ltd. bought a new stake in BJ’s Restaurants in the third quarter valued at approximately $292,000. Finally, Leucadia National Corp bought a new stake in BJ’s Restaurants in the fourth quarter valued at approximately $397,000. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on BJ’s Restaurants from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday. Wedbush upped their price objective on BJ’s Restaurants from $48.00 to $52.00 in a research report on Friday. They noted that the move was a valuation call. ValuEngine raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Monday, April 9th. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, BidaskClub raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.33.

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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 February 26, 2018, the company owned and operated 197 casual dining restaurants located in the 26 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, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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