Is BJ's Restaurants, Inc. (BJRI) a Buy? The Stock Reaches 52-Week High Today

April 16, 2018 - By Michael Collier

BJ's Restaurants, Inc. (NASDAQ:BJRI) Logo

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.31, from 1.19 in 2017Q3. It worsened, as 24 investors sold BJ's Restaurants, Inc. shares while 52 reduced holdings. 28 funds opened positions while 39 raised stakes. 16.91 million shares or 2.77% more from 16.45 million shares in 2017Q3 were reported.
Kbc Group Nv reported 0.03% in BJ's Restaurants, Inc. (NASDAQ:BJRI). State Of Alaska Department Of Revenue has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 3,577 shares. Louisiana State Employees Retirement Sys has 7,700 shares. Royal Bancorporation Of Canada holds 26,458 shares. Suntrust Banks accumulated 38,356 shares or 0.01% of the stock. 21,852 are owned by Us National Bank & Trust De. Meeder Asset reported 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). California State Teachers Retirement holds 0% or 33,050 shares in its portfolio. Brinker Cap holds 0.02% or 11,416 shares in its portfolio. Jefferies Group Lc holds 39,934 shares or 0.01% of its portfolio. Pinebridge Invs Ltd Partnership reported 32,810 shares. Assetmark has 53 shares. New York State Common Retirement Fund holds 37,769 shares. Wellington Mngmt Group Limited Liability Partnership reported 53,393 shares or 0% of all its holdings. Savings Bank Of Ny Mellon reported 264,863 shares.

Since February 28, 2018, it had 0 insider purchases, and 4 selling transactions for $3.72 million activity. The insider DEITCHLE GERALD W sold 70,999 shares worth $3.08M. Elbogen Noah A. sold 10,000 shares worth $441,000. $34,082 worth of BJ's Restaurants, Inc. (NASDAQ:BJRI) was sold by Mayer Kevin E. on Friday, March 2.

The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) hit a new 52-week high and has $52.63 target or 6.00 % above today’s $49.65 share price. The 6 months bullish chart indicates low risk for the $1.02 billion company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $52.63 price target is reached, the company will be worth $61.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.85% or $0.9 during the last trading session, reaching $49.65. About 48,427 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since April 16, 2017 and is uptrending. It has outperformed by 2.09% the S&P500.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on April, 26. They expect $0.54 earnings per share, up 28.57 % or $0.12 from last year’s $0.42 per share. BJRI’s profit will be $11.07M for 22.99 P/E if the $0.54 EPS becomes a reality. After $0.37 actual earnings per share reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 45.95 % EPS growth.

BJ's Restaurants, Inc. (NASDAQ:BJRI) Ratings Coverage

Among 8 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. BJ’s Restaurants has $50.0 highest and $27 lowest target. $43.50’s average target is -12.39% below currents $49.65 stock price. BJ’s Restaurants had 19 analyst reports since October 18, 2017 according to SRatingsIntel. Morgan Stanley maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) rating on Monday, February 26. Morgan Stanley has “Equal-Weight” rating and $38 target. Barclays Capital maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Friday, October 27 with “Underweight” rating. As per Friday, October 27, the company rating was maintained by Canaccord Genuity. Robert W. Baird maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Thursday, October 26 with “Hold” rating. The rating was maintained by Wedbush on Friday, February 23 with “Outperform”. Barclays Capital maintained it with “Underweight” rating and $31 target in Wednesday, January 24 report. Robert W. Baird maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Thursday, February 22 with “Hold” rating. Morgan Stanley maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Monday, April 16 with “Equal-Weight” rating. Stifel Nicolaus maintained it with “Buy” rating and $48.0 target in Friday, February 23 report. Jefferies maintained the shares of BJRI in report on Thursday, February 22 with “Hold” rating.

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company has market cap of $1.02 billion. The Company’s restaurants offer pizzas, craft and other beers, appetizers, soups, entrees, pastas, sandwiches, salads, and desserts. It has a 24.1 P/E ratio. As of December 19, 2017, the firm owned and operated 197 casual dining restaurants located in the 26 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

BJ's Restaurants, Inc. (NASDAQ:BJRI) Ratings Chart

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