A director at BJ’s Restaurants Inc. purchased 500 common shares valued at $30,525 on September 2, according to a Form 4 filing with the U.S. SEC. Richmond C Bradford acquired the shares at $61.05 each, slightly above the stock’s trading price of $60.71 at the time. The transaction was executed through an irrevocable trust over which Bradford retains investment control, with the filing signed by attorney-in-fact Rana Schirmer.
The executive also registered the disposal of 2,955 common shares, including unvested Restricted Stock Units. The filing follows a period of strong performance for BJ’s Restaurants, which reported Q2 revenue of $388.9 million, exceeding Wall Street’s forecast of $374.55 million. Same-store sales rose 6.5%, driven by an 8.3% increase in customer traffic.
The company’s stock has delivered returns of 79% over the past year and 69% over the last six months, though some analysts view it as overvalued relative to its Fair Value estimate. Mizuho raised its price target to $74, Benchmark to $80 with a buy rating, while DA Davidson adjusted its target to $65, citing strong seasonal demand for Pizookies and operational improvements.
