BJ’s Restaurants, Inc. (NASDAQ:BJRI).
The stock of BJ’s Restaurants, Inc. (NASDAQ:BJRI) reached a new one year low of $35.20 on Wednesday. The company ended down at $35.53. Volume came in at 502,782 and the stock hit an intraday high of $36.31.
Shares of the company ended the day at $35.53 slightly below the 50 day moving average which is $39.14 and which is marginally under the 200 day moving average of $42.46. The 50 day moving average went down $-3.62 or -9.238% and the 200 day average moved down $-6.93.
The P/E ratio is currently 18.426 and market cap is 858.75M. As of the last earnings report the EPS was $1.93 and is projected to be $1.86 for the current year with 24,173,000 shares outstanding. Next quarter’s EPS is expected be $0.50 and the next full year EPS is anticipated to be $2.14.
Traders are feeling more bearish on shares of BJ’s Restaurants, Inc. of late if you put credence in the change in short interest. The stock realized a rise in short interest of 0.14% as of the latest report on September 15, 2016. Short shares grew from 846,922 to 962,325 over that timeframe. The short-interest ratio decreased to 3.7 and the percentage of shorted shares is 0.04% as of September 15.
A few Wall Street analysts have provided guidance. On September 9 the stock rating was downgraded to “Neutral” from “Outperform” with a current price target of $40.00 in a report issued by Wedbush. Wedbush both downgraded the stock and lowered the price target on September 9 changing the price target from $55.00 to $40.00 and altering the rating from “Outperform” to “Neutral”.
Equity analyst Canaccord Genuity initiated coverage on the stock by announcing an initial rating of “Hold”. July 28 investment analysts at Barclays maintained a company rating of “Underweight” and lowered the price target from $46.00 to $38.00.
On July 26 the company was downgraded from “Buy” to “Sell” and a price target of $35.00 was set in an announcement from Stifel Nicolaus. Equity analyst Stifel Nicolaus downgraded the stock and lowered the price target on July 26 changing the price objective from $62.00 to $35.00 and moving the rating from “Buy” to “Sell”.