BJ’s Restaurants, Inc. (NASDAQ:BJRI) Sees Large Increase in Short Interest

BJ’s Restaurants, Inc. (NASDAQ:BJRIGet Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,090,000 shares, a growth of 6.6% from the May 15th total of 1,960,000 shares. Based on an average daily trading volume, of 363,900 shares, the days-to-cover ratio is presently 5.7 days. Currently, 9.8% of the shares of the stock are short sold.

BJ’s Restaurants Stock Down 1.1 %

Shares of NASDAQ BJRI traded down $0.37 during mid-day trading on Monday, hitting $34.57. 406,594 shares of the stock traded hands, compared to its average volume of 374,937. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a 52 week low of $21.64 and a 52 week high of $38.76. The company has a market cap of $808.25 million, a price-to-earnings ratio of 34.57, a PEG ratio of 1.84 and a beta of 2.11. The stock has a fifty day moving average price of $34.16 and a 200-day moving average price of $34.34.

BJ’s Restaurants (NASDAQ:BJRIGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.17. BJ’s Restaurants had a return on equity of 6.51% and a net margin of 1.80%. The company had revenue of $337.33 million for the quarter, compared to analyst estimates of $335.35 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that BJ’s Restaurants will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Benchmark lifted their price target on BJ’s Restaurants from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of BJ’s Restaurants in a research note on Wednesday, May 1st. Finally, Barclays lifted their price target on BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.30.

Check Out Our Latest Stock Analysis on BJRI

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total value of $56,896.00. Following the completion of the sale, the insider now owns 7,652 shares in the company, valued at approximately $272,105.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its position in shares of BJ’s Restaurants by 40.8% during the fourth quarter. GSA Capital Partners LLP now owns 92,176 shares of the restaurant operator’s stock valued at $3,319,000 after purchasing an additional 26,722 shares in the last quarter. Verition Fund Management LLC boosted its holdings in BJ’s Restaurants by 298.7% in the fourth quarter. Verition Fund Management LLC now owns 141,556 shares of the restaurant operator’s stock worth $5,097,000 after acquiring an additional 106,054 shares in the last quarter. American Century Companies Inc. boosted its holdings in BJ’s Restaurants by 15.9% in the third quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock worth $6,373,000 after acquiring an additional 37,173 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BJ’s Restaurants by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock worth $11,785,000 after acquiring an additional 4,163 shares in the last quarter. Finally, Millrace Asset Group Inc. bought a new stake in BJ’s Restaurants in the third quarter worth $1,200,000. 99.95% of the stock is currently owned by institutional investors.

About BJ’s Restaurants

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BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.

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