A director of BJ’s Restaurants Inc. purchased 500 shares of common stock on Sept. 2 for a total of $30,525, according to a regulatory filing.
The transaction was executed at $61.05 per share, with Bradford holding the shares indirectly through an irrevocable trust while retaining investment control. The filing also disclosed a disposal of 2,955 shares, including unvested restricted stock units.
The restaurant operator’s stock has gained 79% over the past 12 months and 69% in the last six months, closing near $60.71 at the time of the report. Second-quarter revenue reached $388.9 million, topping Wall Street’s forecast of $374.55 million. Same-store sales rose 6.5% while customer traffic increased 8.3%, with restaurant-level margins expanding despite food inflation pressures.
Analysts have raised price targets following the results. Mizuho lifted its target to $74, citing a management turnaround and improved sales visibility. Benchmark raised its target to $80 while maintaining a Buy rating, and DA Davidson set a new target of $65, highlighting strong seasonal demand for Pizookies and operational improvements. InvestingPro’s analysis, however, described the stock as overvalued relative to its fair-value estimate.
