BJ’s Restaurants, Inc. (NASDAQ:BJRI) Short Interest Update

BJ’s Restaurants, Inc. (NASDAQ:BJRI) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,510,000 shares, a drop of 24.9% from the September 30th total of 2,010,000 shares. Based on an average daily volume of 425,200 shares, the short-interest ratio is currently 3.6 days. Approximately 8.0% of the company’s stock are sold short.

A number of large investors have recently bought and sold shares of BJRI. Tower Research Capital LLC TRC acquired a new position in BJ’s Restaurants during the 3rd quarter worth $80,000. Aperio Group LLC acquired a new position in BJ’s Restaurants during the 2nd quarter worth $135,000. Quantitative Systematic Strategies LLC acquired a new position in BJ’s Restaurants during the 2nd quarter worth $203,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of BJ’s Restaurants during the 3rd quarter valued at $210,000. Finally, Menta Capital LLC bought a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at $268,000.

A number of research firms recently issued reports on BJRI. Maxim Group set a $52.00 price objective on BJ’s Restaurants and gave the company a “buy” rating in a research report on Friday, October 25th. Loop Capital reduced their price target on BJ’s Restaurants from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Wells Fargo & Co reduced their price target on BJ’s Restaurants from $37.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Barclays reduced their price target on BJ’s Restaurants from $32.00 to $29.00 and set an “underweight” rating for the company in a research report on Friday, October 18th. Finally, ValuEngine raised BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.13.

Shares of BJ’s Restaurants stock traded up $0.24 during trading on Friday, reaching $39.88. The company’s stock had a trading volume of 405,200 shares, compared to its average volume of 466,522. The business’s fifty day moving average price is $38.20 and its 200-day moving average price is $40.77. BJ’s Restaurants has a one year low of $32.62 and a one year high of $62.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market cap of $775.90 million, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. BJ’s Restaurants had a return on equity of 13.38% and a net margin of 3.60%. The firm had revenue of $278.74 million for the quarter, compared to the consensus estimate of $278.49 million. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that BJ’s Restaurants will post 1.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.13 per share. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a yield of 1.30%. BJ’s Restaurants’s dividend payout ratio is currently 22.13%.

About BJ’s Restaurants

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. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 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, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

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