BJ's Restaurants, Inc. (BJRI) Surges to 52-Week High, Is Now Top Performer

April 25, 2018 - By Maria Brooks

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 dived, 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.
Swiss Retail Bank owns 30,600 shares. Manufacturers Life Com The has 15,577 shares. Us Fincl Bank De reported 21,852 shares. Parametric Portfolio Assoc Limited Liability Company invested in 0% or 35,084 shares. Maverick Cap Ltd holds 224,539 shares or 0.1% of its portfolio. Arizona State Retirement Sys reported 30,167 shares or 0.01% of all its holdings. Oppenheimer Asset Mngmt holds 0.01% or 12,072 shares. California Employees Retirement Sys, a California-based fund reported 32,992 shares. 234,185 are owned by Sg Mgmt Limited Liability Corp. Citigroup has invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Tiaa Cref Invest Mgmt Limited Co owns 81,290 shares or 0% of their US portfolio. Kennedy Management Incorporated owns 48,361 shares. Group Incorporated owns 15,751 shares for 0% of their portfolio. Goldman Sachs Group Inc Inc owns 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 343,214 shares. Canada Pension Plan Board reported 187,200 shares.

Since February 28, 2018, it had 0 buys, and 4 insider sales for $3.72 million activity. 70,999 BJ's Restaurants, Inc. (NASDAQ:BJRI) shares with value of $3.08M were sold by DEITCHLE GERALD W. $34,082 worth of BJ's Restaurants, Inc. (NASDAQ:BJRI) was sold by Mayer Kevin E.. Elbogen Noah A. sold $441,000 worth of BJ's Restaurants, Inc. (NASDAQ:BJRI) on Wednesday, February 28.

The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) hit a new 52-week high and has $49.90 target or 3.00 % above today’s $48.45 share price. The 6 months bullish chart indicates low risk for the $993.43M company. The 1-year high was reported on Apr, 25 by Barchart.com. If the $49.90 price target is reached, the company will be worth $29.80M 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 decreased 0.21% or $0.1 during the last trading session, reaching $48.45. About 33,943 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since April 25, 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 $11.07 million for 22.43 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 $5700 highest and $27 lowest target. $44.38’s average target is -8.40% below currents $48.45 stock price. BJ’s Restaurants had 19 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, February 22 by Robert W. Baird. Wedbush upgraded it to “Buy” rating and $44.0 target in Thursday, February 15 report. The firm earned “Buy” rating on Friday, February 23 by Stephens. Barclays Capital maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) rating on Tuesday, January 16. Barclays Capital has “Sell” rating and $30.0 target. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) earned “Hold” rating by Jefferies on Friday, December 22. On Thursday, April 19 the stock rating was maintained by Canaccord Genuity with “Buy”. Barclays Capital maintained the stock with “Underweight” rating in Friday, October 27 report. The firm earned “Buy” rating on Friday, January 5 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Buy” rating in Friday, February 23 report. The firm earned “Buy” rating on Friday, October 27 by Canaccord Genuity.

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company has market cap of $993.43 million. The Company’s restaurants offer pizzas, craft and other beers, appetizers, soups, entrees, pastas, sandwiches, salads, and desserts. It has a 23.52 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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