BJ’s Restaurants, Inc. (NASDAQ:BJRI).
Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) hit a one year low point at $36.07 in trading on Tuesday. The stock ended down by $0.71. Volume came in at 337,098 and the stock hit an intraday high of $37.19.
Shares closed the day at $36.36 a bit lower than $39.26, the 50 day moving average and which is just a bit below the 200 day moving average of $42.52. The 50 day moving average was down by -7.38% whereas the 200 day moving average was down $-6.16 or -14.49%.
The most current P/E ratio is 18.86 and market cap is 878.93M. In the last earnings report the EPS was $1.93 and is estimated to be $1.86 for the current year with 24,173,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.50 with next year’s EPS anticipated to be $2.14.
Traders are more bearish recently if you take note of the uptick in short interest. The stock recorded a rise in short interest from August 31, 2016 to September 15, 2016 of 0.14%. Short interest grew 115,403 over that timeframe. The short-interest ratio decreased to 3.7 and the percentage of shorted shares is 0.04% as of September 15.
Several brokerages have released ratings. Equity analyst Wedbush lowered the price target and downgraded the stock on September 9 changing the price objective from $55.00 to $40.00 and cutting the rating from “Outperform” to “Neutral”. On September 9 the stock rating was downgraded to “Neutral” from “Outperform” and a price target of $40.00 was set in an announcement from Wedbush.
On August 22, 2016 Canaccord Genuity starting coverage on the stock with a rating of “Hold”. On July 28 Barclays maintained a stock rating of “Underweight” and lowered the price target to $38.00 from $46.00.
On July 26 the company was downgraded from “Buy” to “Sell” with a current price target of $35.00 in a report issued by Stifel Nicolaus. Stifel Nicolaus both downgraded the stock and lowered the price target on July 26 changing the price target from $62.00 to $35.00 and moving the rating from “Buy” to “Sell”.