It is trading at $31.70 which is just over $29.98, the 50 day moving average and which is quite a bit below the 200 day moving average of $36.56. The 50 day moving average was up by +5.73% whereas the 200 day average was down by -13.28%. Trading volume for BJ’s Restaurants, Inc. was 560K in the last trading session. Overall, volume was up 35.62% over the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of BJ’s Restaurants, Inc. considering the downtick in short interest. The firm recorded a fall in short interest of -4.92% as of the latest report on September 29, 2017. Short shares decreased 96,126 over that period. Days to cover decreased from 5.0 to 5.0 and the short interest percentage is 0.09% as of September 29.
These funds have shifted positions in (BJRI). As of quarter end State of Alaska, Department of Revenue had bought 140 shares growing its stake by 3.9%. The value of the total investment in BJ’s Restaurants, Inc. decreased from $132,000 to $112,000 decreasing 15.2% since the last quarter. As of the end of the quarter Cutler Group LP had disposed of a total of 183 shares trimming its position 61.0%. The value of the investment in BJRI went from $0 to $3,000 a change of inf% for the reporting period.
Louisiana State Employees Retirement System augmented its stake by buying 300 shares an increase of 4.1%. Louisiana State Employees Retirement System claims 7,600 shares with a value of $231,000. The value of the position overall is down by 15.1%. Meeder Asset Management Inc bolstered its position by buying 516 shares an increase of 258.0% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc controls 716 shares valued at $22,000. The total value of its holdings increased 214.3%.
On July 14 the company was upgraded to “Buy” from “Hold” in an announcement from Canaccord Genuity. On July 19 Barclays maintained a company rating of “Underweight” but raised the price target from $32.00 to $36.00.
October 18 investment analysts at Barclays kept the company rating at “Underweight” and lowered the price target to $29.00 from $36.00.
BJ’s Restaurants, Inc. currently has a P/E ratio of 18.68 and market capitalization is 679.84M. In the last earnings report the EPS was $1.70 and is expected to be $1.59 for the current year with 21,446,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.44 with next year’s EPS anticipated to be $1.73.
BJ’s Restaurants, Inc., launched on September 13, 1991, 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 Business’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..