A BJ's Restaurants Director Sells Over 7,500 Company Shares. Here's a Closer Look at the Transaction.
Written by Robert Izquierdo for The Motley Fool Key Points Director Noah Elbogen disposed of 7,535 shares at $70.14 per share for a total value of ~$529,000 on August 10, 2026. The transaction reducโฆ
Key Points Director Noah Elbogen disposed of 7,535 shares at $70.14 per share for a total value of ~$529,000 on August 10, 2026. The transaction reduced the director's total direct equity holdings by 10%. Following the sale, Elbogen maintains direct ownership of 71,655 shares of common stock. 10 stocks we like better than BJ's Restaurants โบ Noah A. Elbogen, a member of the Board of Directors at BJ's Restaurants, Inc. (NASDAQ:BJRI) , sold 7,535 shares of common stock on August 10, 2026, according to a recent SEC Form 4 filing . Transaction summary Metric Value Transaction value ~$529,000 Shares sold 7,535 Post-transaction shares (directly held) 71,655 Post-transaction value $4.92 million Transaction value based on SEC Form 4 weighted average sale price ($70.14); post-transaction value based on August 10, 2026 market close ($68.65). Key questions What is the scale of this transaction relative to the director's total equity holdings? The disposal of 7,535 shares reduced the director's direct ownership by 10%, leaving a remaining position of 71,655 shares. How does the current market price compare to the execution price of this trade? The director sold shares at $70.14 per share, while the stock was priced at $67.53 as of the August 11, 2026 market close. Does the director maintain ongoing exposure to company performance? Noah Elbogen maintains a direct position valued at $4.92 million as of the August 10, 2026 market close and also holds derivative securities, including 2,955 unvested restricted stock units. Company Overview Metric Value Share Price (as of market close 2026-08-11) $67.53 Market Capitalization $1.4 billion Revenue (TTM) $1.4 billion Net Income (TTM) $40.9 million Company Snapshot BJ's Restaurants operates a network of casual dining establishments offering a diverse menu that includes pizzas, craft and traditional beers, appetizers, main courses, pasta dishes, sandwiches, signature salads, and desserts across 29 states. The company generates revenue through company-operated restaurants that serve food and beverage to customers seeking casual dining experiences, with a business model centered on high-volume customer traffic and menu diversification. BJ's primary customers are families and individuals seeking casual dining experiences, with a target market encompassing middle-income consumers across the United States who value diverse menu offerings and value-oriented pricing. BJ's Restaurants operates a substantial casual dining footprint with approximately 213 restaurants generating $1.4 billion in trailing 12-month revenue. The company maintains competitive positioning through menu diversification, craft beverage offerings, and geographic expansion across 29 states, serving a broad consumer base with approximately 22,230 employees supporting operations. What this transaction means for investors The Aug. 10 sale of BJ's Restaurants stock for $70.14 by longtime Board member Noah Elbogen came not long after shares hit a 52-week high of $74.60 on July 30. Given the disposal was executed after a 104% one-year total return on the stock, it makes sense Elbogen would capitalize on the price appreciation to lock in some gains. While he sold about 10% of his direct holdings, Elbogen still retained over 70,000 shares post-transaction, which ensures continued alignment with shareholder interests. BJ's stock surged thanks to strong business performance. The company generated $388.9 million in revenue during the second quarter, representing a 6% year-over-year increase. The growth was helped by rising same-store sales , which jumped 6.5% year over year. These excellent results led to BJ's raising its full-year financial guidance. The company also repurchased and retired 64,000 shares, contributing to the share price increase. Should you buy stock in BJ's Restaurants right now? Before you buy stock in BJ's Restaurants, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy nowโฆ and BJ's Restaurants wasnโt one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, youโd have $421,511 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, youโd have $1,381,960 !* Now, itโs worth noting Stock Advisorโs total average return is 981 % โ a market-crushing outperformance compared to 216% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks ยป *Stock Advisor returns as of August 18, 2026. Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
Director Noah Elbogen disposed of 7,535 shares at $70.14 per share for a total value of ~$529,000 on August 10, 2026.
The transaction reduced the director's total direct equity holdings by 10%.
Following the sale, Elbogen maintains direct ownership of 71,655 shares of common stock.
Noah A. Elbogen, a member of the Board of Directors at BJ's Restaurants, Inc. (NASDAQ:BJRI) , sold 7,535 shares of common stock on August 10, 2026, according to a recent SEC Form 4 filing .
Transaction value based on SEC Form 4 weighted average sale price ($70.14); post-transaction value based on August 10, 2026 market close ($68.65).
BJ's Restaurants operates a substantial casual dining footprint with approximately 213 restaurants generating $1.4 billion in trailing 12-month revenue. The company maintains competitive positioning through menu diversification, craft beverage offerings, and geographic expansion across 29 states, serving a broad consumer base with approximately 22,230 employees supporting operations.
The Aug. 10 sale of BJ's Restaurants stock for $70.14 by longtime Board member Noah Elbogen came not long after shares hit a 52-week high of $74.60 on July 30. Given the disposal was executed after a 104% one-year total return on the stock, it makes sense Elbogen would capitalize on the price appreciation to lock in some gains.
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