BJ’s restaurants director Elbogen reports $528,504 stock sale By Investing.com

Noah A. Elbogen, a director at BJ’s Restaurants Inc. (), reported the sale of common stock totaling $528,504. The transaction, executed on August 10, 2026, involved the disposition of 7,535 shares at a price of $70.14 per share. The sale comes as BJRI shares trade near $69.74, following a remarkable 103% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value—a finding that may provide context for the director’s decision to reduce his position. Investors can access detailed valuation metrics and 10 additional InvestingPro Tips for BJRI, along with comprehensive analysis available in the Pro Research Report.

Following the transaction, Mr. Elbogen directly holds 71,655 shares of BJ’s Restaurants common stock. This total includes 2,955 unvested Restricted Stock Units.

In other recent news, BJ’s Restaurants reported second-quarter revenue of $388.9 million, surpassing Wall Street’s forecast of $374.55 million. The company achieved a 6.5% increase in comparable restaurant sales, driven by an 8.3% rise in traffic. Despite challenges like food inflation, restaurant-level margins improved. Analysts have responded positively to these results. Mizuho raised its price target for BJ’s Restaurants to $74, maintaining a Neutral rating, citing successful management turnaround and increased visibility into sales growth. Benchmark also increased its target to $80, keeping a Buy rating, highlighting the company’s robust traffic growth. DA Davidson raised its target to $65, noting strong Pizookie sales and improved operational execution. These developments reflect BJ’s Restaurants’ ongoing efforts to enhance performance and capture market opportunities.

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