BJRI BJs RESTAURANTS INC

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

Bought back stock in 3/4 quarters. Q1 2026: $14M, Q3 2025: $8M, Q2 2025: $9M, Q1 2025: $0M

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

Latest quarter $14M vs trailing avg $6M (+148%)

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

Negative FCF ($-95M), 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 3 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 $0M in the last 90 days (net buying)

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 69.0x more than bought. 2 C-suite officers among sellers

• 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
• Krakower Brian S (EVP & Chief Info. Officer) sold 170 shares on 2025-12-11
• PUCHNER ALEX (Sr. Vice President Brewing Ops) sold 1,821 shares on 2025-09-08
• Krakower Brian S (Chief Information Officer) sold 3,100 shares on 2025-05-15
• Krakower Brian S (Chief Information Officer) sold 638 shares on 2025-05-15