BJ’s Restaurants, Inc. (NASDAQ:BJRI):
BJ’s Crafted Experience Makes Moments Count in New Advertising Campaign.
The company is so far trading down from yesterday’s close of $37.07.
The stock is trading at $36.19 just a bit lower than $39.26, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $42.52. The 50 day moving average went down by -7.87% and the 200 day average went down by -14.94%.
The most current P/E ratio is 18.76 and market cap is 874.34M. 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 will be $0.50 with next year’s EPS anticipated to be $2.14.
Traders are feeling more bearish on BJ’s Restaurants, Inc. lately if you take into consideration the rise in short interest. The firm experienced a rise in short interest from August 31, 2016 to September 15, 2016 of 0.14%. Short shares increased 115,403 over that period. With short interest at 962,325 and short average daily volume at 257,208, the short-interest ratio is 3.7 and the percentage of shorted shares was 0.04% on September 15.
A few Wall Street investment firms have provided guidance on BJ’s Restaurants, Inc. recently. On September 9 the stock rating was downgraded from “Outperform” to “Neutral” with a current price target of $40.00 in a report from Wedbush. Wedbush downgraded the stock and lowered the price target on September 9 changing the price objective from $55.00 to $40.00 and moving the rating from “Outperform” to “Neutral”.
Canaccord Genuity started covering BJRI with a rating of “Hold”. July 28 investment analysts at Barclays left the stock rating at “Underweight” but lowered the price target to $38.00 from $46.00.
Equity analyst Stifel Nicolaus lowered the price target and downgraded the stock on July 26 cutting the price target from $62.00 to $35.00 and altering the rating from “Buy” to “Sell”. On July 26 the company was downgraded to “Sell” from “Buy” and a price target of $35.00 was set by Stifel Nicolaus.