BJ’s Restaurant Inc (BJRI) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. The 52-week range on BJRI shows that it touched its highest point at $45.80 and its lowest point at $27.61 during that stretch. It currently has a 1-year price target of $40.75. Beta for the stock currently stands at 1.59.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BJRI was down-trending over the past week, with a drop of -2.32%, but this was up by 17.50% over a month. Three-month performance surged to 22.19% while six-month performance rose 17.28%. The stock gained 24.59% in the past year, while it has gained 24.61% so far this year. A look at the trailing 12-month EPS for BJRI yields 0.94 with Next year EPS estimates of 2.24. For the next quarter, that number is 0.68. This implies an EPS growth rate of 28.89% for this year and 18.24% for next year. EPS is expected to grow by 22.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.40%.

Float and Shares Shorts:

At present, 22.44 million BJRI shares are outstanding with a float of 20.07 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BJRI since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.2945 being high and $1.24471 being low. For BJRI, this leads to a yearly average estimate of $1.26463.

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