Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BJ’s Restaurant Inc. shares valued at $295,029 were sold by PUCHNER ALEX on Mar 07 ’24. At $38.25 per share, PUCHNER ALEX sold 7,713 shares. The insider’s holdings dropped to 12,222 shares worth approximately $0.39 million following the completion of this transaction.
Also, Fund 1 Investments, LLC sold 242,000 shares, netting a total of over 8,598,260 in proceeds. Following the sale of shares at $35.53 each, the insider now holds 2,326,476 shares.
Before that, BASSI PETER A had sold 3,749 shares from its account. In a trade valued at $120,643, the Director traded BJ’s Restaurant Inc. shares for $32.18 each. Upon closing the transaction, the insider’s holdings decreased to 3,749 shares, worth approximately $0.66 million.
As published in their initiating research note from Piper Sandler on July 18, 2023, BJ’s Restaurant Inc. [BJRI] has been a Neutral and the price target has been revised to $35. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. Earlier on September 23, 2022, Stephens initiated its rating. Their recommendation was “an Equal-weight” for BJRI stock.
Analyzing BJRI Stock Performance
During the last five days, there has been a drop of approximately -1.69%. Over the course of the year, BJ’s Restaurant Inc. shares have dropped approximately -10.89%. Shares of the company reached a 52-week high of $38.76 on 03/07/24 and a 52-week low of $30.40 on 01/18/24. A 50-day SMA is recorded $34.47, while a 200-day SMA reached $31.47. Nevertheless, trading volume fell to 0.5 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for BJ’s Restaurant Inc. (BJRI)
According to the 24-hour chart, there is a support level at 31.51, which, if violated, would cause prices to drop to 30.93. In the upper region, resistance lies at 32.68. The next price resistance is at 33.27. RSI (Relative Strength Index) is 39.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 71.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
