BJ’s Restaurant Inc.’s recent filing unveils that its Sr. Vice President Brewing Ops PUCHNER ALEX unloaded Company’s shares for reported $0.3 million on Mar 07 ’24. In the deal valued at $38.25 per share,7,713 shares were sold. As a result of this transaction, PUCHNER ALEX now holds 12,222 shares worth roughly $0.4 million.
Then, Fund 1 Investments, LLC sold 242,000 shares, generating $8,598,260 in total proceeds. Upon selling the shares at $35.53, the 10% Owner now owns 2,326,476 shares.
Before that, BASSI PETER A sold 3,749 shares. BJ’s Restaurant Inc. shares valued at $120,643 were divested by the Director at a price of $32.18 per share. As a result of the transaction, BASSI PETER A now holds 20,630 shares, worth roughly $0.67 million.
Piper Sandler initiated its BJ’s Restaurant Inc. [BJRI] rating to a Neutral in a research note published on July 18, 2023; the price target was $35. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “an Outperform”. Stephens started covering the stock on September 23, 2022. It rated BJRI as “an Equal-weight”.
Price Performance Review of BJRI
On Tuesday, BJ’s Restaurant Inc. [NASDAQ:BJRI] saw its stock fall -0.85% to $32.53. Over the last five days, the stock has lost -5.66%. BJ’s Restaurant Inc. shares have fallen nearly -9.66% since the year began. Nevertheless, the stocks have risen 17.27% over the past one year. While a 52-week high of $38.76 was reached on 03/07/24, a 52-week low of $21.64 was recorded on 01/18/24. SMA at 50 days reached $35.15, while 200 days put it at $31.47. A total of 0.29 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For BJRI Stock
The 24-hour chart illustrates a support level at 32.17, which if violated will result in even more drops to 31.80. On the upside, there is a resistance level at 32.94. A further resistance level may holdings at 33.34. The Relative Strength Index (RSI) on the 14-day chart is 37.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.22%. Stochastics %K at 6.03% indicates the stock is a buying.
The most recent change occurred on April 12, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $29 price target.
