Updated
Updated · Yahoo Finance · Aug 18
BJ's Restaurants Director Noah Elbogen Sells 7,535 Shares for $529,000 After 52-Week High
Updated
Updated · Yahoo Finance · Aug 18

BJ's Restaurants Director Noah Elbogen Sells 7,535 Shares for $529,000 After 52-Week High

1 articles · Updated · Yahoo Finance · Aug 18

Summary

  • August 10 SEC filings show Noah Elbogen sold 7,535 BJ's Restaurants shares at a weighted average $70.14, a transaction worth about $529,000.
  • The sale cut his direct stake by 10%, but Elbogen still held 71,655 shares valued at about $4.92 million and 2,955 unvested restricted stock units.
  • BJ's stock had reached a 52-week high of $74.60 on July 30, and the sale price stood above the August 11 close of $67.53.
  • The disposal came after the stock delivered a 104% one-year total return, suggesting the board member was taking gains while retaining significant exposure to the company.

Insights

Why are BJ’s Restaurants insiders cashing out millions just as the chain reports massive traffic growth and raised financial guidance?
With analysts split on valuation, will BJRI's aggressive menu innovations be enough to sustain its momentum after hitting a 52-week high?