BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,320,000 shares, an increase of 27.5% from the June 30th total of 1,820,000 shares. Currently, 10.2% of the shares of the stock are sold short. Based on an average trading volume of 350,200 shares, the short-interest ratio is presently 6.6 days.
BJ’s Restaurants Stock Performance
Shares of BJRI opened at $23.19 on Wednesday. The company’s 50 day moving average price is $23.43 and its 200 day moving average price is $26.75. BJ’s Restaurants has a 52 week low of $20.15 and a 52 week high of $47.20. The company has a market capitalization of $543.57 million, a PE ratio of -105.41, a PEG ratio of 20.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.33 and a current ratio of 0.05.
BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). BJ’s Restaurants had a negative net margin of 0.42% and a negative return on equity of 1.08%. The company had revenue of $329.70 million for the quarter, compared to analysts’ expectations of $328.02 million. During the same period in the previous year, the firm posted $0.26 earnings per share. Research analysts expect that BJ’s Restaurants will post 0.08 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
BJRI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BJ’s Restaurants from $40.00 to $28.00 and set a “maintains” rating for the company in a research note on Monday, July 25th. Citigroup boosted their target price on shares of BJ’s Restaurants from $24.00 to $26.00 in a report on Friday, July 22nd. Wedbush boosted their target price on shares of BJ’s Restaurants from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 22nd. Piper Sandler dropped their target price on shares of BJ’s Restaurants from $38.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, July 22nd. Finally, Benchmark dropped their target price on shares of BJ’s Restaurants to $32.00 in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.00.
About BJ’s Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, 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.
- Get a free copy of the StockNews.com research report on BJ’s Restaurants (BJRI)
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