Follow The Short Interest: What’s Bjs Restaurants Incorporated (NASDAQ:BJRI) Upside After This Short Interest Decrease?

November 25, 2016 - By Marie Mckinney   ·   0 Comments

Follow The Short Interest: What's Bjs Restaurants Incorporated (NASDAQ:BJRI) Upside After This Short Interest Decrease?

The stock of Bjs Restaurants Incorporated (NASDAQ:BJRI) registered a decrease of 38.67% in short interest. BJRI’s total short interest was 1.33 million shares in November as published by FINRA. Its down 38.67% from 2.17 million shares, reported previously. With 759,000 shares average volume, it will take short sellers 2 days to cover their BJRI’s short positions. The short interest to Bjs Restaurants Incorporated’s float is 6.68%. The stock increased 0.77% or $0.3 during the last trading session, hitting $39.45. About 82,877 shares traded hands. BJ’s Restaurants, Inc. (NASDAQ:BJRI) has declined 12.06% since April 22, 2016 and is downtrending. It has underperformed by 17.47% the S&P500.

BJ’s Restaurants, Inc. owns and operates restaurants. The company has a market cap of $917.54 million. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. It has a 22.47 P/E ratio. The Company’s menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.44, from 1.35 in 2016Q1. The ratio fall, as 14 funds sold all BJ’s Restaurants, Inc. shares owned while 49 reduced positions. 21 funds bought stakes while 64 increased positions. They now own 20.12 million shares or 3.38% less from 20.83 million shares in 2016Q1.
Blue Clay Limited Liability Co accumulated 9,487 shares or 0.48% of the stock. Moreover, Sei has 0% invested in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 1,414 shares. Louisiana State Employees Retirement reported 8,800 shares or 0.02% of all its holdings. Capstone Asset Mgmt has 4,743 shares for 0.01% of their US portfolio. The Georgia-based Invesco has invested 0.02% in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Nationwide Fund Advsr accumulated 0% or 15,249 shares. Morgan Stanley owns 212,419 shares or 0% of their US portfolio. Moreover, Blackrock Japan Company Ltd has 0% invested in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 153 shares. Parametric Port Assoc Limited Company has invested 0% of its portfolio in BJ’s Restaurants, Inc. (NASDAQ:BJRI). Jefferies Grp Inc Limited Co holds 0% or 4,750 shares in its portfolio. Citigroup accumulated 842 shares or 0% of the stock. Rothschild Inv Il holds 0.73% or 130,385 shares in its portfolio. Moreover, Kennedy Management Inc has 0.14% invested in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 163,403 shares. Moreover, Rhumbline Advisers has 0% invested in BJ’s Restaurants, Inc. (NASDAQ:BJRI) for 35,889 shares. Texas Permanent School Fund has 15,127 shares for 0.01% of their US portfolio.

Insider Transactions: Since August 1, 2016, the stock had 3 insider buys, and 6 sales for $3.63 million net activity. $214,533 worth of BJ’s Restaurants, Inc. (NASDAQ:BJRI) was sold by DAL POZZO JAMES. Ledwith Lon had sold 7,500 shares worth $291,000. LEVIN GREGORY bought 1,500 shares worth $50,580. The insider Luxor Capital Group – LP sold 88,406 shares worth $3.21M. 15,000 shares with value of $503,600 were bought by Elbogen Noah A. on Wednesday, October 26. On Thursday, August 11 PUCHNER ALEX sold $419,717 worth of the stock or 10,319 shares. 26,792 shares with value of $1.09M were sold by BOUTS LARRY D on Friday, August 12.

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

Out of 6 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. BJ’s Restaurants has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Friday, June 24, the company rating was upgraded by Tigress Financial. The rating was maintained by Wedbush with “Outperform” on Friday, February 19. Stifel Nicolaus downgraded it to “Sell” rating and $35 target price in Tuesday, July 26 report. The firm earned “Equal-Weight” rating on Thursday, October 20 by Morgan Stanley. Barclays Capital maintained BJ’s Restaurants, Inc. (NASDAQ:BJRI) rating on Thursday, October 20. Barclays Capital has “Underweight” rating and $32 price target. The stock has “Underweight” rating given by Barclays Capital on Friday, October 23. The company was downgraded on Friday, September 9 by Wedbush. The rating was upgraded by Morgan Stanley to “Equal Weight” on Wednesday, September 16. Wedbush maintained the stock with “Neutral” rating in Thursday, October 20 report. Oppenheimer downgraded the shares of BJRI in a report on Monday, January 4 to “Perform” rating.

BJRI Company Profile

BJ’s Restaurants, Inc., incorporated on September 13, 1991, owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. The Company’s menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert. The Company’s craft beer is produced at various BJ’s Restaurant & Brewery locations, as well as by independent third-party brewers using its recipes. The Firm owns and operates approximately 170 restaurants located in the over 20 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The Company’s BJ’s Pizza & Grill restaurants are smaller format, full-service restaurants relative to its BJ’s Restaurant & Brewhouse, and BJ’s Restaurant & Brewery locations. The Company’s BJ’s Grill restaurant is a slightly smaller footprint restaurant, compared to its BJ’s Restaurant & Brewhouse format, featuring all the amenities of its Brewhouse locations.

More important recent BJ’s Restaurants, Inc. (NASDAQ:BJRI) news were published by: Fool.com which released: “BJ’s Restaurants Inc. Serves Up a Sloppy Q3” on October 19, 2016, also Fool.com published article titled: “BJ’s Restaurants, Inc. Serves Up Big Profit Growth: Here’s What Investors …”, Fool.com published: “Why BJ’s Restaurants, Inc. Stock Fell 11.4% in July” on August 08, 2016. More interesting news about BJ’s Restaurants, Inc. (NASDAQ:BJRI) was released by: Globenewswire.com and their article: “BJ’s Restaurants, Inc. Launches ‘Buy a Hero a Beer ‘ Initiative to Honor …” with publication date: November 17, 2016.

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By Marie Mckinney


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