BJ’s Restaurants Inc. [NASDAQ: BJRI] loss -1.60% on the last trading session, reaching $26.38 price per share at the time. The company report on December 29, 2022 that BJ’s Restaurants Opens in Goodyear, Arizona.
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“We are excited to open our sixth and final restaurant of the year in Goodyear, Arizona,” commented Greg Levin, Chief Executive Officer & President. “Arizona has been an incredible market for us for over twenty years. The new Goodyear location joins our six other high-performing restaurants in the market. I want to thank our entire development and opening teams for successfully opening six new restaurants this year, despite the underlying construction and supply chain challenges facing the entire industry. Our 2022 new restaurant class is off to a fantastic start and delivering strong sales as our latest restaurant design with dramatic high ceilings, brewery-focused décor and a flow that radiates the energy of our bar statement continues to resonate very well with both new and returning guests.”.
BJ’s Restaurants Inc. represents 23.43 million in outstanding shares, while the company has a total market value of $627.05 million with the latest information. BJRI stock price has been found in the range of $26.3246 to $26.82.
If compared to the average trading volume of 293.97K shares, BJRI reached a trading volume of 195440 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BJ’s Restaurants Inc. [BJRI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BJRI shares is $29.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BJRI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CL King have made an estimate for BJ’s Restaurants Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2022. While these analysts kept the previous recommendation, Stephens raised their target price to Equal-Weight. The new note on the price target was released on September 23, 2022, representing the official price target for BJ’s Restaurants Inc. stock. Previously, the target price had yet another raise to $29, while Citigroup analysts kept a Neutral rating on BJRI stock. On December 10, 2021, analysts decreased their price target for BJRI shares from 40 to 38.
The Average True Range (ATR) for BJ’s Restaurants Inc. is set at 1.05, with the Price to Sales ratio for BJRI stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 0.81.
Trading performance analysis for BJRI stock
BJ’s Restaurants Inc. [BJRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.86. With this latest performance, BJRI shares dropped by -17.77% in over the last four-week period, additionally plugging by 19.42% over the last 6 months – not to mention a drop of -25.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BJRI stock in for the last two-week period is set at 33.71, with the RSI for the last a single of trading hit 28.82, and the three-weeks RSI is set at 38.50 for BJ’s Restaurants Inc. [BJRI]. The present Moving Average for the last 50 days of trading for this stock 30.04, while it was recorded at 26.90 for the last single week of trading, and 26.56 for the last 200 days.
BJ’s Restaurants Inc. [BJRI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and BJ’s Restaurants Inc. [BJRI] shares currently have an operating margin of -1.02 and a Gross Margin at +5.23. BJ’s Restaurants Inc.’s Net Margin is presently recorded at -0.33.
Return on Equity for this stock declined to -1.15, with Return on Assets sitting at -0.34.
BJ’s Restaurants Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
BJ’s Restaurants Inc. [BJRI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BJRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BJ’s Restaurants Inc. go to 15.00%.
An analysis of insider ownership at BJ’s Restaurants Inc. [BJRI]
There are presently around $621 million, in the hands of institutional investors. The top three institutional holders of BJRI stocks are: BLACKROCK INC. with ownership of 4,351,308, which is approximately 4.878% of the company’s market cap and around 0.20% of the total institutional ownership; T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 3,859,783 shares of the stock with an approximate value of $101.82 million in BJRI stocks shares; and VANGUARD GROUP INC, currently with $67.78 million in BJRI stock with ownership of nearly 2.489% of the company’s market capitalization.
Positions in BJ’s Restaurants Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 81 institutional holders increased their position in BJ’s Restaurants Inc. [NASDAQ:BJRI] by around 7,338,184 shares. Additionally, 74 investors decreased positions by around 6,069,898 shares, while 15 investors held positions by with 10,136,851 shares. The mentioned changes placed institutional holdings at 23,544,933 shares, according to the latest SEC report filing. BJRI stock had 28 new institutional investments in for a total of 5,560,760 shares, while 17 institutional investors sold positions of 1,634,749 shares during the same period.