Several BJ's Restaurants Insiders Sell Shares Sending Potential Negative Signal
Several BJ's Restaurants Insiders Sell Shares Sending Potential Negative Signal
BJ's Restaurants, Inc. (NASDAQ:BJRI) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
BJ's餐飲公司(納斯達克股票代碼:BJRI)的股東們可能有理由感到擔憂,因爲過去一年裏有幾位內部人士賣出了他們的股份。當我們分析內部交易時,了解內部人員是否在買入股票比賣出更有價值,因爲後者傳遞的信息較爲模棱兩可。然而,如果有幾位內部人士在特定時間段內出售了股票,股東們應該更深入地了解情況。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
雖然我們絕不建議投資者僅基於公司董事所做的事情來作出決策,但我們認爲密切關注內部人士所做的事情是完全合理的。
The Last 12 Months Of Insider Transactions At BJ's Restaurants
BJ's餐飲公司過去12個月內的內部交易情況
In the last twelve months, the biggest single sale by an insider was when the Senior Vice President of Brewing Operations, Alexander Puchner, sold US$262k worth of shares at a price of US$38.27 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$29.82). So it may not shed much light on insider confidence at current levels.
過去十二個月中,餐飲業務高級副總裁亞歷山大·普赫納(Alexander Puchner)以每股38.27美元的價格賣出了總值26.2萬美元的股票。雖然內部人員的賣出是個負面信號,但對我們而言,如果股票以較低價格出售則更爲負面。其中的一點好處是,這次拋售是在最新股價(29.82美元)之上進行的,因此對當前水平的內部人員信心可能不會提供太多啓示。
All up, insiders sold more shares in BJ's Restaurants than they bought, over the last year. The average sell price was around US$37.75. We are not joyful about insider selling. But we note that the selling, on average, was at well above the recently traded price of US$29.82. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
總的來說,在過去的一年裏,BJ's餐飲公司的內部人員賣出的股份比買入的要多。平均賣出價格約爲37.75美元。我們對內部賣出並不感到欣喜。但需要注意的是,平均而言,這些賣出交易的價格遠高於近期交易價格(29.82美元)。下圖顯示了過去一年內的內部交易情況(包括公司和個人)。點擊下圖,您可以查看每筆內部交易的詳細信息!
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If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜歡購買內部人員正在購買而不是銷售的股票,那麼你可能會喜歡這份免費的公司列表。(提示:它們中的大部分都被忽視了。)
Does BJ's Restaurants Boast High Insider Ownership?
bj's餐飲自有高內部持股嗎?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that BJ's Restaurants insiders own 3.4% of the company, worth about US$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
測試一家公司領導者與其他股東之間的一致性的另一種方法是查看他們擁有多少股份。如果內部人士在公司擁有相當數量的股份,這是一個好跡象。看起來bj's餐飲內部人士擁有公司的3.4%股份,價值約2400萬美元。這種程度的內部持股是很好的,但並不特別突出。它確實表明了相當程度的一致性。
So What Do The BJ's Restaurants Insider Transactions Indicate?
那麼,bj's餐飲內部交易有何指示?
The fact that there have been no BJ's Restaurants insider transactions recently certainly doesn't bother us. Still, the insider transactions at BJ's Restaurants in the last 12 months are not very heartening. But we do like the fact that insiders own a fair chunk of the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for BJ's Restaurants and we suggest you have a look.
最近bj's餐飲沒有內部交易的事實並沒有讓我們困擾。不過,過去12個月內bj's餐飲的內部交易並不令人鼓舞。但我們確實喜歡內部人士擁有相當大部分公司股份的事實。因此,這些內部交易可以幫助我們建立股票的論點,但了解該公司面臨的風險也是值得的。您會對此感興趣,我們發現了1個關於bj's餐飲的警告信號,我們建議您了解一下。
But note: BJ's Restaurants may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但是請注意:bj's餐飲可能不是最好的股票買入選擇。因此,請查看這份免費的有着高roe和低債務的有趣公司清單。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言,內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置,但不包括衍生交易或間接利益。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。