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Recent Insider Activity Could Benefit BJ’s Restaurant Inc. (BJRI)

BJ’s Restaurant Inc.’s recent filing unveils that its Director Sherlock Janet acquired Company’s shares for reported $14790.0 on Sep 09 ’24. In the deal valued at $29.58 per share,500 shares were bought. As a result of this transaction, Sherlock Janet now holds 18,454 shares worth roughly $0.6 million.

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Then, Richmond C Bradford bought 2,500 shares, generating $73,500 in total proceeds. Upon buying the shares at $29.40, the Interim CEO now owns 16,905 shares.

Before that, Krakower Brian S sold 1,600 shares. BJ’s Restaurant Inc. shares valued at $56,896 were divested by the Chief Information Officer at a price of $35.56 per share. As a result of the transaction, Krakower Brian S now holds 7,652 shares, worth roughly $0.25 million.

The Benchmark Company downgraded its BJ’s Restaurant Inc. [BJRI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Wedbush also remained covering BJRI and has increased its forecast on April 18, 2023 with a “an Outperform” recommendation from previously “Neutral” rating.

Price Performance Review of BJRI

On Monday, BJ’s Restaurant Inc. [NASDAQ:BJRI] saw its stock jump 1.85% to $32.56. Over the last five days, the stock has gained 2.01%. BJ’s Restaurant Inc. shares have fallen nearly -9.58% since the year began. Nevertheless, the stocks have risen 37.56% over the past one year. While a 52-week high of $38.87 was reached on 07/23/24, a 52-week low of $21.64 was recorded on 08/14/24. SMA at 50 days reached $31.15, while 200 days put it at $33.77.

Levels Of Support And Resistance For BJRI Stock

The 24-hour chart illustrates a support level at 31.95, which if violated will result in even more drops to 31.34. On the upside, there is a resistance level at 33.22. A further resistance level may holdings at 33.89. The Relative Strength Index (RSI) on the 14-day chart is 56.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.64%. Stochastics %K at 77.00% indicates the stock is a holding.

How much short interest is there in BJ’s Restaurant Inc.?

A steep rise in short interest was recorded in BJ’s Restaurant Inc. stocks on 2024-09-13, dropping by 41461.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.93 million shares. There was a decline of -2.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 23, 2022 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $27 price target.

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