BJ’s Restaurants, Inc. (NASDAQ: BJRI – Get Rating) saw a significant drop in short-term interest rates in August. As of August 31, there was short interest totaling 1,850,000 shares, down 16.7% from the total of 2,220,000 shares as of August 15. Currently, 8.1% of the stock’s shares are sold short. Based on an average trading volume of 356,300 shares, the short-term interest rate ratio is currently 5.2 days.
BJ’s Restaurant Institutional Trade
Several large investors have recently changed their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of BJ’s Restaurants during the first quarter worth $30,000. KBC Group NV acquired a new position in BJ’s Restaurants in the second quarter worth approximately $43,000. Captrust Financial Advisors increased its stake in BJ’s Restaurants by 29.6% in the first quarter. Captrust Financial Advisors now owns 2,536 shares of the restaurateur valued at $72,000 after purchasing an additional 579 shares during the period. Mutual of America Capital Management LLC increased its position in BJ’s Restaurants shares by 17.2% during the second quarter. Mutual of America Capital Management LLC now owns 3,936 shares of the restaurateur worth $85,000 after purchasing 578 additional shares during the period. Finally, SG Americas Securities LLC acquired a new stake in the shares of BJ’s Restaurants during the first quarter for a value of approximately $128,000. Institutional investors hold 95.10% of the company’s shares.
BJ’s restaurants trade up 0.3%
BJRI traded $0.09 on Friday, reaching $28.31. The company had a trading volume of 482,475 shares, compared to an average volume of 299,700. The company’s 50-day moving average price is $24.86 and its 200-day moving average price is 25.53 $. BJ’s Restaurants has a 1 year minimum of $20.15 and a 1 year maximum of $47.20. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt ratio of 0.15.
BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last reported results on Thursday, July 21. The restaurateur reported earnings per share of $0.01 for the quarter, missing the consensus estimate of $0.23 per ($0.22). BJ’s Restaurants posted a negative return on equity of 1.08% and a negative net margin of 0.42%. The company posted revenue of $329.70 million in the quarter, compared to analyst estimates of $328.02 million. In the same quarter last year, the company posted earnings per share of $0.26. Stock analysts expect BJ’s Restaurants to post -0.03 earnings per share for the current year.
Analysts set new price targets
BJRI has been the subject of a number of research analyst reports. Wedbush raised its price target on BJ’s Restaurants from $24.00 to $25.00 and gave the stock a “neutral” rating in a Friday, July 22 report. Citigroup raised its price target on BJ’s Restaurants from $24.00 to $26.00 in a Friday, July 22 research note. Piper Sandler lowered her price target on BJ’s Restaurants from $38.00 to $29.00 and set an “overweight” rating on the stock in a Friday, July 22 research note. Benchmark lowered its price target on BJ’s Restaurants to $32.00 in a Friday, July 22 research note. Finally, Barclays lowered its price target on BJ’s Restaurants from $21.00 to $17.00 and set an “underweight” rating on the stock in a Friday July 22 research note. One financial analyst has assigned the stock a sell rating, six have issued a hold rating and five have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.09.
Company Profile BJ’s Restaurants
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BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. The company’s restaurants offer pizza, craft and other beers, appetizers, entrees, pastas, sandwiches, specialty salads and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.
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