BJ’s Restaurants Inc. (NASDAQ:BJRI) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,587,735 shares, a growth of 65.0% from the September 15th total of 962,325 shares. Based on an average trading volume of 355,103 shares, the short-interest ratio is currently 4.5 days. Approximately 7.0% of the shares of the company are sold short.
Shares of BJ’s Restaurants (NASDAQ:BJRI) opened at 34.89 on Friday. BJ’s Restaurants has a 12-month low of $34.41 and a 12-month high of $47.95. The company has a 50 day moving average price of $37.27 and a 200-day moving average price of $41.78. The firm has a market cap of $843.40 million, a PE ratio of 18.10 and a beta of 1.17.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The firm earned $250.30 million during the quarter, compared to analyst estimates of $253.23 million. BJ’s Restaurants had a return on equity of 14.58% and a net margin of 5.09%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Analysts expect that BJ’s Restaurants will post $1.85 EPS for the current year.
Several equities analysts recently issued reports on the company. Canaccord Genuity assumed coverage on BJ’s Restaurants in a research report on Monday, August 22nd. They issued a “hold” rating and a $43.00 price target on the stock. Jefferies Group restated a “hold” rating on shares of BJ’s Restaurants in a research report on Wednesday, August 3rd. Barclays PLC dropped their price target on BJ’s Restaurants from $46.00 to $38.00 and set an “underweight” rating on the stock in a research report on Thursday, July 28th. Wedbush dropped their price target on BJ’s Restaurants from $55.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Stifel Nicolaus cut BJ’s Restaurants from a “buy” rating to a “sell” rating and dropped their target price for the stock from $52.00 to $35.00 in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. BJ’s Restaurants has an average rating of “Hold” and a consensus price target of $40.67.
In related news, Director Pozzo James Dal sold 5,358 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $40.04, for a total value of $214,534.32. Following the transaction, the director now owns 4,304 shares in the company, valued at approximately $172,332.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noah A. Elbogen purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average price of $39.17 per share, for a total transaction of $1,175,100.00. Following the transaction, the director now directly owns 1,271 shares in the company, valued at $49,785.07. The disclosure for this purchase can be found here. 7.10% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in BJ’s Restaurants by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 542,290 shares of the company’s stock worth $22,543,000 after buying an additional 10,377 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of BJ’s Restaurants during the first quarter worth about $1,180,000. GW&K Investment Management LLC boosted its position in shares of BJ’s Restaurants by 241.4% in the second quarter. GW&K Investment Management LLC now owns 304,722 shares of the company’s stock worth $13,356,000 after buying an additional 215,477 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of BJ’s Restaurants during the first quarter worth about $927,000. Finally, M&T Bank Corp boosted its position in shares of BJ’s Restaurants by 1.2% in the first quarter. M&T Bank Corp now owns 9,203 shares of the company’s stock worth $382,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.
About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.
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