BJ’s Restaurants, Inc. (NASDAQ:BJRI) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 2,064,574 shares, a decline of 26.2% from the July 31st total of 2,798,639 shares. Based on an average trading volume of 590,453 shares, the days-to-cover ratio is currently 3.5 days. Approximately 9.8% of the company’s shares are sold short.

In other BJ’s Restaurants news, insider Alex Puchner sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $44.75, for a total transaction of $179,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BJRI. OppenheimerFunds Inc. raised its position in shares of BJ’s Restaurants by 23.0% in the first quarter. OppenheimerFunds Inc. now owns 19,312 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 3,606 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of BJ’s Restaurants by 101.8% in the first quarter. Prudential Financial Inc. now owns 121,763 shares of the restaurant operator’s stock valued at $4,919,000 after buying an additional 61,430 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of BJ’s Restaurants by 18.9% in the first quarter. Great Lakes Advisors LLC now owns 17,628 shares of the restaurant operator’s stock valued at $712,000 after buying an additional 2,804 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of BJ’s Restaurants by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock valued at $11,181,000 after buying an additional 1,982 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of BJ’s Restaurants by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 98,635 shares of the restaurant operator’s stock valued at $3,986,000 after buying an additional 1,535 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Canaccord Genuity reissued a “buy” rating and set a $42.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 28th. Barclays PLC reduced their price objective on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “hold” rating and set a $44.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 14th. Zacks Investment Research cut BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet cut BJ’s Restaurants from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $39.33.

BJ’s Restaurants (NASDAQ BJRI) opened at 31.40 on Tuesday. The company has a market cap of $673.40 million, a PE ratio of 18.50 and a beta of 1.08. BJ’s Restaurants has a 1-year low of $30.40 and a 1-year high of $47.55. The stock’s 50 day moving average price is $33.88 and its 200-day moving average price is $38.83.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.02. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The business had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $269.48 million. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that BJ’s Restaurants will post $1.63 earnings per share for the current year.

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BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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