Earnings from BJ’s Restaurants Inc. [BJRI] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
BJRI Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.66 per share on revenue of $205.12M. Taking a look at the future, the company is projected to report revenue of $245.22M at an earnings per share of -$0.16 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 22.00% in revenue and 575.60% in earnings per share for the company.
BJRI Stock Earnings Forecast For The Current Year
For the full financial year, BJ’s Restaurants Inc. [NASDAQ:BJRI] is forecasted to generate revenue of $1B. The figure is about $221.49 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.37 in 2021, which is $2.08 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 84.90% this year, 637.80% next year, and -3.10% annually over the next five years. With regard to sales, forecasts suggest an incline of 28.50% in current fiscal year and 22.00% over following year.
BJRI Stock Price Performance
At a recent check today, BJ’s Restaurants Inc. [NASDAQ:BJRI] finished up 2.31% at $60.56. The stock’s day high price was $59.55, and its lowest was $57.35. Its price fall -0.29% in the last five days. Since the beginning of the year, BJ’s Restaurants Inc.’s shares are up nearly 53.81%. However, the share price is -4.50% below its one year high. The top price reached by the shares of the company was $63.42 on 03/15/21, while the 52-week low came on 01/04/21, when the shares were $35.83. In the past year, shares of the company have risen 258.35%. At 50 days, the moving average achieved is $57.59 while at 200 days, the moving average is $39.18. There were 54121.0 shares traded in the last session, down from 0.45 million in the previous session.
BJ’s Restaurants Inc. [NASDAQ:BJRI] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.77 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.15 for the industry, which means BJRI offers an unattractive investment opportunity than its competitors do.
BJRI Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 60.50 level, and the violation of this level will cause a further drop to 57.85 level. At the upper end, 62.25 remains a key resistance. As the stock increases, it may find resistance at 60.90. In the 14-day chart, the Relative Strength Index standing at 55.73 suggests a technical neutral stance while the MACD standing at -0.17 indicates price will decrease in the next trading period. Stochastic %K at 43.94% suggests holding the stock while Percent R indicator at 37.94% suggests low price movement.
How much is the short interest in BJ’s Restaurants Inc.?
There have been a drop in short interest in the BJ’s Restaurants Inc. Financial stock, with short interest down by 50000.0 shares to 2.08 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.03 million shares. This 2.4% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 12.42% of the overall float in the stock, while the stock’s days to cover moved to 6.5.
How do analysts view BJ’s Restaurants Inc.?
In regard to the share price forecast for BJ’s Restaurants Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $60.00 in the next twelve months, representing almost an -0.93% growth from its recent price of $60.56. Among BJ’s Restaurants Inc. stock projections, $80.00 is the highest analyst target for the stock, while $40.00 is the lowest. Despite this, 15 analysts who share their consensus rating for BJRI in 2021 agree that the stock is a Hold. The latest rating change took place on 4/20/21, when Stephens & Co. Ratings launched coverage of the stock at “Overweight” and assigned a price target of $70.0.