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Insider Buy Cluster Buy CEO Buy New Position September 6, 2024

Richmond C Bradford purchased ~$88K in BJ's Restaurants, Inc. stock

BJ's Restaurants, Inc. (BJRI)  ·  Interim CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+23.8%

vs SPY +12.6%

BJRI price after insider trade by Richmond C Bradford

Insider

Richmond C Bradford

Role

Interim CEO

Transaction

Open-Market Purchase

Approx. Value

~$88K

Trade Date

Sep 6, 2024

Company

BJ's Restaurants, Inc.

Ticker

BJRI

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$88K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

Interim CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

2 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

+23.8% in 90 days (S&P 500: +12.6%)

This trade beat the S&P 500 by 11.2 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

RC

How good is Richmond C Bradford at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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2

Richmond C Bradford wasn't the only one buying.

2 insiders at BJ's Restaurants, Inc. traded within the same 30-day window.

See who else bought · Free

On September 6, 2024, Richmond C Bradford — Interim CEO of BJ's Restaurants, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$88K in BJ's Restaurants, Inc. (BJRI) stock.

This transaction was part of a cluster — 2 insiders at BJ's Restaurants, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, BJRI returned +23.8% versus +12.6% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$88K
Insider role Interim CEO
Cluster 2 insiders
90-day return +23.8%
vs S&P 500 +11.2%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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