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. Q3 2025: $8M, Q2 2025: $9M, Q1 2025: $0M, Q3 2024: $4M

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

Latest quarter $8M vs trailing avg $4M (+88%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-95M), cannot compute buyback ratio

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

Repurchased 2,300,000 shares = 20.3% of 22,697,000 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 insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $0M (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 3.4x more than bought. 2 C-suite officers among sellers

• 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