BJ’s Restaurants, Inc. (NASDAQ:BJRI) has seen a lot of activity this week in terms of insider trading. On Wednesday, Luxor Capital Group, LP, a large shareholder at the company, purchased 300,000 shares of Common Stock, no par value, for $34.25 per share. The sale was executed indirectly through the Luxor Spectrum Offshore Master Fund, LP. Stock purchases have been relatively frequent at the restaurant operator this quarter. Patrick Walsh is only one of many insiders who recently bought stock, as he purchased 88,772 shares in April, paying a price of $32.70 per share.
However, this week also reported stock dispositions at the hands of Chairman Gerald Deitchle, who unloaded 300,000 shares of Common Stock, directly, for a price of $34.25 per share. Furthermore, the insider also exercised his use of stock options for his first transaction of the fiscal year. John Allegretto, Chief Supply Chain Officer at BJ’s Restaurants, also completed a disposition of 5,000 shares, selling the Common Stock at a price of $34.11 per share and exercising his use of stock options.
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