BJ's Restaurants Chairman Gerald W. Deitchle Sells 300,000 Shares (BJRI)

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BJ's Restaurants (NASDAQ:BJRI) Chairman Gerald W. Deitchle unloaded 300,000 shares of the company’s stock on the open market in a transaction dated Thursday, July 31st. The stock was sold at an average price of $34.25, for a total value of $10,275,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of BJ's Restaurants (NASDAQ:BJRI) traded up 0.09% during mid-day trading on Thursday, hitting $34.27. The stock had a trading volume of 273,036 shares. BJ's Restaurants has a 52 week low of $25.11 and a 52 week high of $36.60. The stock’s 50-day moving average is $34.26 and its 200-day moving average is $31.37. The company has a market cap of $975.1 million and a P/E ratio of 57.94.

BJ's Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $219.40 million for the quarter, compared to the consensus estimate of $219.25 million. During the same quarter last year, the company posted $0.32 earnings per share. BJ's Restaurants’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that BJ's Restaurants will post $0.77 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $43.00 price target on the stock, up previously from $38.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, up previously from $25.00. Finally, analysts at Barclays reiterated an “underweight” rating on shares of BJ's Restaurants in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, up previously from $27.00. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.50.

BJ’s Restaurants, Inc (NASDAQ:BJRI) owns and operates restaurants.

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