Notable Mover: Is BJ’s Restaurants, Inc.’s Fuel Running Low? The Stock Reaches 52 Week Low Today

Notable Mover: Is BJ's Restaurants, Inc.'s Fuel Running Low? The Stock Reaches 52 Week Low Today

The stock of BJ’s Restaurants, Inc. (NASDAQ:BJRI) hit a new 52-week low and has $33.00 target or 5.00% below today’s $34.74 share price. The 8 months bearish chart indicates high risk for the $839.20M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $33.00 price target is reached, the company will be worth $41.96M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 110,123 shares traded hands. BJ’s Restaurants, Inc. (NASDAQ:BJRI) has declined 21.52% since March 10, 2016 and is downtrending. It has underperformed by 29.04% the S&P500.

Analysts await BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report earnings on October, 27. They expect $0.33 earnings per share, down 15.38% or $0.06 from last year’s $0.39 per share. BJRI’s profit will be $7.97 million for 26.32 P/E if the $0.33 EPS becomes a reality. After $0.56 actual earnings per share reported by BJ’s Restaurants, Inc. for the previous quarter, Wall Street now forecasts -41.07% negative EPS growth.

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Ratings Coverage

Out of 6 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. BJ’s Restaurants has been the topic of 9 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Friday, September 9 the stock rating was downgraded by Wedbush to “Neutral”. The firm earned “Outperform” rating on Friday, February 19 by Wedbush. The firm has “Equal Weight” rating by Morgan Stanley given on Wednesday, September 16. The stock of BJ’s Restaurants, Inc. (NASDAQ:BJRI) earned “Perform” rating by Oppenheimer on Monday, January 4. The company was downgraded on Tuesday, July 26 by Stifel Nicolaus. As per Friday, October 23, the company rating was maintained by Barclays Capital. The rating was upgraded by Tigress Financial on Friday, June 24 to “Buy”.

According to Zacks Investment Research, “BJ’s Restaurants Inc. owns and operates casual dining restaurants under the BJ’s Restaurant and Brewery, BJ’s Restaurant and Brewhouse or BJ’s Pizza & Grill brand names. BJ’s restaurants offer an innovative menu featuring award-winning, signature deep dish pizza complemented with generously portioned salads, sandwiches, soups, pastas, entrees and desserts. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience.”

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.22, from 1.13 in 2016Q1. The ratio is positive, as 14 funds sold all BJ’s Restaurants, Inc. shares owned while 49 reduced positions. 21 funds bought stakes while 64 increased positions. They now own 20.12 million shares or 3.38% less from 20.83 million shares in 2016Q1.
Stifel Financial, a Missouri-based fund reported 11,873 shares. The Pennsylvania-based Sei Invests has invested 0% in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Janney Montgomery Scott Limited Liability Company owns 8,187 shares or 0.01% of their US portfolio. Qs Limited Co has 123,521 shares for 0.05% of their US portfolio. Pinebridge Ltd Partnership holds 2,467 shares or 0.01% of its portfolio. Tudor Inv Et Al holds 0.02% or 18,368 shares in its portfolio. Farmers Merchants owns 152 shares or 0% of their US portfolio. Point72 Asset Management L P holds 0.03% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 86,500 shares. The California-based Analytic Llc has invested 0.02% in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Ameriprise Fin accumulated 100,379 shares or 0% of the stock. Rothschild Investment Il last reported 130,385 shares in the company. Neuberger Berman Gru Ltd Liability has invested 0.03% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Principal Fincl Group last reported 0.01% of its portfolio in the stock. Luxor Cap Lp holds 2.9% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 2.50M shares. Texas Permanent School Fund owns 15,127 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 2, 2016, the stock had 1 buying transaction, and 6 insider sales for $4.07 million net activity. The insider DAL POZZO JAMES sold $127,119. $1.09 million worth of BJ’s Restaurants, Inc. (NASDAQ:BJRI) was sold by BOUTS LARRY D on Friday, August 12. $419,717 worth of shares were sold by PUCHNER ALEX on Thursday, August 11. Luxor Capital Group – LP also sold $3.21 million worth of BJ’s Restaurants, Inc. (NASDAQ:BJRI) shares. Ledwith Lon sold $177,390 worth of stock or 3,942 shares. Another trade for 30,000 shares valued at $1.18M was bought by Elbogen Noah A..

More notable recent BJ’s Restaurants, Inc. (NASDAQ:BJRI) news were published by: Fool.com which released: “Why Panera Bread, Texas Roadhouse, and BJ’s Restaurants All Fell More Than 10 …” on October 13, 2016, also Fool.com with their article: “Why BJ’s Restaurants, Inc. Stock Fell 11.4% in July” published on August 08, 2016, Fool.com published: “BJ’s Restaurants, Inc. Serves Up Big Profit Growth: Here’s What Investors …” on July 27, 2016. More interesting news about BJ’s Restaurants, Inc. (NASDAQ:BJRI) were released by: Fool.com and their article: “BJ’s Restaurants, Inc. Stock Up Big on Earnings: Key Takeaways” published on April 22, 2016 as well as Finance.Yahoo.com‘s news article titled: “BJ’s Restaurants Opens in Valley Stream, New York” with publication date: September 27, 2016.

BJRI Company Profile

BJ’s Restaurants, Inc., incorporated on September 13, 1991, 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. The Company’s 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. The Company’s craft beer is produced at various BJ’s Restaurant & Brewery locations, as well as by independent third-party brewers using its recipes. The Firm owns and operates approximately 170 restaurants located in the over 20 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The Company’s BJ’s Pizza & Grill restaurants are smaller format, full-service restaurants relative to its BJ’s Restaurant & Brewhouse, and BJ’s Restaurant & Brewery locations. The Company’s BJ’s Grill restaurant is a slightly smaller footprint restaurant, compared to its BJ’s Restaurant & Brewhouse format, featuring all the amenities of its Brewhouse locations.

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