BJ’s Restaurant Inc’s recently made public that its 10% Owner Fund 1 Investments, LLC unloaded Company’s shares for reported $0.57 million on Oct 30 ’24. In the deal valued at $38.05 per share,15,000 shares were sold. As a result of this transaction, Fund 1 Investments, LLC now holds 2,303,131 shares worth roughly $78.28 million.
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Then, Sherlock Janet bought 500 shares, generating $14,790 in total proceeds. Upon buying the shares at $29.58, the Director now owns 18,454 shares.
Before that, Richmond C Bradford bought 2,500 shares. BJ’s Restaurant Inc shares valued at $73,500 were divested by the Interim CEO at a price of $29.40 per share. As a result of the transaction, Richmond C Bradford now holds 16,905 shares, worth roughly $0.57 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 Friday, BJ’s Restaurant Inc [NASDAQ:BJRI] saw its stock fall -8.36% to $33.99. Over the last five days, the stock has lost -5.24%. BJ’s Restaurant Inc shares have fallen nearly -5.61% since the year began. Nevertheless, the stocks have risen 29.63% over the past one year. While a 52-week high of $38.87 was reached on 07/23/24, a 52-week low of $25.31 was recorded on 08/14/24. SMA at 50 days reached $32.92, while 200 days put it at $33.95.
Levels Of Support And Resistance For BJRI Stock
The 24-hour chart illustrates a support level at 32.96, which if violated will result in even more drops to 31.93. On the upside, there is a resistance level at 35.39. A further resistance level may holdings at 36.79. The Relative Strength Index (RSI) on the 14-day chart is 46.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.09%. Stochastics %K at 56.45% 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 2024-10-15, growing by 35392.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.89 million shares. There was a rise of 1.84%, which implies that there is a positive 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.
