BJ’s Restaurants, Inc. (NASDAQ:BJRI) Short Interest Update

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 2,100,000 shares, a growth of 7.7% from the January 15th total of 1,950,000 shares. Based on an average daily trading volume, of 360,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately 9.5% of the shares of the stock are sold short.

Insider Activity

In related news, Director Peter A. Bassi sold 3,749 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $32.18, for a total transaction of $120,642.82. Following the sale, the director now owns 20,630 shares in the company, valued at approximately $663,873.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 5,061 shares of company stock worth $163,368. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BJ’s Restaurants

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of BJ’s Restaurants in the 2nd quarter worth $27,000. Point72 Hong Kong Ltd purchased a new position in shares of BJ’s Restaurants in the 1st quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its stake in shares of BJ’s Restaurants by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock worth $46,000 after buying an additional 743 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of BJ’s Restaurants during the 2nd quarter worth $41,000. Finally, Headlands Technologies LLC bought a new stake in shares of BJ’s Restaurants during the 3rd quarter worth $42,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BJRI. Oppenheimer raised their target price on BJ’s Restaurants from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of BJ’s Restaurants in a research report on Friday. Piper Sandler upped their price target on shares of BJ’s Restaurants from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a research report on Friday. Finally, Barclays upped their price target on shares of BJ’s Restaurants from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.30.

View Our Latest Stock Analysis on BJ’s Restaurants

BJ’s Restaurants Stock Up 2.8 %

BJ’s Restaurants stock traded up $0.99 during mid-day trading on Friday, reaching $36.46. The stock had a trading volume of 1,313,316 shares, compared to its average volume of 363,415. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.34. BJ’s Restaurants has a fifty-two week low of $21.64 and a fifty-two week high of $37.83. The stock’s 50-day simple moving average is $34.09 and its 200-day simple moving average is $30.21. The firm has a market capitalization of $845.87 million, a PE ratio of 43.93, a price-to-earnings-growth ratio of 1.87 and a beta of 2.13.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $323.64 million for the quarter, compared to analyst estimates of $331.03 million. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.47%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. On average, sell-side analysts forecast that BJ’s Restaurants will post 1.36 EPS for the current fiscal year.

BJ’s Restaurants Company Profile

(Get Free Report)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. BJ's Restaurants, Inc was founded in 1978 and is based in Huntington Beach, California.

Read More

Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.