The cluster of C-suite and director sales, combined with $2.9M in insider selling over the prior 30 days, suggests insiders are taking advantage of elevated prices near $70. Monitor the next 10-Q for same-store sales trends and margin guidance, which could explain the selling. The cross-filing actuarial verdicts show this cluster is an AMPLIFIER when combined with earnings or press-release context, so any upcoming corporate announcement should be watched closely.
Price Chart
Executive Summary
Three BJRI insiders (EVP & Chief Development Officer, EVP & General Counsel, and a Director) sold a combined $2.23M in open-market shares over a 7-day window. The total sales represent ~0.16% of the company's $1.4B market cap, a modest but notable amount. The cluster includes two C-suite executives, which carries more weight than director-only sales, but the dollar amount is below the 0.5% threshold for 'significant' and the sales are not clustered in a way that suggests a single informational event.
Key Financial Metrics
Key Facts
- Three insiders sold a total of $2.23M in open-market shares between Aug 6-10, 2026.
- EVP & Chief Development Officer Gregory Lynds sold $1.49M (21.7K shares at $68.81).
- EVP & General Counsel Kendra Miller sold $208K (3.0K shares at $69.80).
- Director Noah Elbogen sold $529K (7.5K shares at $70.14).
- Total sales represent ~0.16% of BJRI's $1.4B market cap.
- A separate non-cash gift of 16,047 shares by Director C. Bradford Richmond was also filed.
- Recent 30-day insider activity shows 4 prior sells totaling $2.9M, indicating sustained selling.
Financial Impact
$2.23M in open-market insider sales, ~0.16% of market cap
Risk Factors
- Sustained insider selling may signal management's lack of confidence in near-term fundamentals.
- Restaurant sector faces margin pressure from labor and food costs; BJRI's Q3 2026 results could disappoint.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BJRI-1786608084128 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $59.38 | awaiting T+5 | — | $57.91 (−2.48%) |
Oct 8, 2026 18d ago | SC 13G/A | $59.54 $60.22 | ▲ +1.14% | ▲ +1.42% | $57.91 (−2.74%) |
Aug 12, 2026 10w ago | Insider Cluster | $66.67 $64.23 | ▲ +3.66% | ▲ +1.70% | $57.91 (+13.14%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▲ +3.47% | ▲ +3.42% | $57.91 (+15.64%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▼ −3.47% | ▼ −3.42% | $57.91 (−15.64%) |
Jul 30, 2026 12w ago | Press Release | $67.61 $69.55 | ▲ +2.87% | ▼ −0.64% | $57.91 (−14.35%) |
Jun 23, 2026 17w ago | 8-K | $54.62 $60.69 | ▲ +11.11% | ▲ +9.41% | $57.91 (+6.02%) |
Jun 22, 2026 18w ago | Insider Cluster | $53.16 $59.38 | ▲ +11.70% | ▲ +10.69% | $57.91 (+8.94%) |
Jun 15, 2026 19w ago | Insider Cluster | $51.78 $53.16 | ▲ +2.67% | ▲ +4.90% | $57.91 (+11.84%) |
Jun 1, 2026 21w ago | Insider Cluster | $44.35 $45.63 | ▲ +2.89% | ▲ +5.85% | $57.91 (+30.57%) |
US Market Status
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