BJRI BJs RESTAURANTS INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2026: $15M, Q1 2026: $14M, Q3 2025: $8M, Q2 2025: $9M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $15M vs trailing avg $10M (+46%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-77M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 2,300,000 shares = 21.8% of 21,114,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

4 open-market purchases by 1 insiders

• Richmond C Bradford () bought 1,000 shares at $34.05 on 2026-03-12
• Richmond C Bradford () bought 1,000 shares at $34.50 on 2026-03-06
• Richmond C Bradford () bought 1,000 shares at $35.05 on 2026-03-03
• Richmond C Bradford () bought 200 shares at $35.36 on 2026-03-03

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 4 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $8M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 81.2x more than bought. 4 C-suite officers among sellers

• Lynds Gregory S (EVP & Chief Dev. Officer) sold 21,704 shares on 2026-08-06
• Lynds Gregory S (EVP & Chief Dev. Officer) sold 25,350 shares on 2026-08-03
• Krakower Brian S (EVP & Chief Info. Officer) sold 7,341 shares on 2026-06-18
• Lynds Gregory S (EVP & Chief Dev. Officer) sold 6,201 shares on 2026-06-18
• Rogers Heidi (SVP & Chief Marketing Officer) sold 3,090 shares on 2026-06-12
• Lynds Gregory S (EVP & Chief Dev. Officer) sold 5,537 shares on 2026-06-11
• Krakower Brian S (EVP & Chief Info. Officer) sold 341 shares on 2026-05-28
• Krakower Brian S (EVP & Chief Info. Officer) sold 3,134 shares on 2026-05-28
• Krakower Brian S (EVP & Chief Info. Officer) sold 2,600 shares on 2026-03-17
• Krakower Brian S (EVP & Chief Info. Officer) sold 7,847 shares on 2025-12-11