BJ’s Restaurants Inc. (NASDAQ:BJRI) shares fell to a low of $51.53 before closing at $51.66. Intraday shares traded counted 0.34 million, which was -11.5% lower than its 30-day average trading volume of 302.46K. BJRI’s previous close was $54.43 while the outstanding shares total 22.93M. The firm has a beta of 2.30. The stock’s Relative Strength Index (RSI) is 41.59, with weekly volatility at 4.61% and ATR at 2.37. The BJRI stock’s 52-week price range has touched low of $16.08 and a $63.42 high. The stock traded lower over the last trading session, losing -5.09% on 06/10/21.
Investors have identified the Restaurants company BJ’s Restaurants Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.18 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
BJ’s Restaurants Inc. (BJRI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 133.22 million total, with 180.78 million as their total liabilities.
BJRI were able to record 7.33 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 38.58 million. In cash movements, the company had a total of 14.21 million as operating cash flow.
Potential earnings growth for BJ’s Restaurants Inc. (BJRI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, BJ’s Restaurants Inc. recorded a total of 223.31 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -14.01% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 11.78%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 56.15 million trying to sell their products during the last quarter, with the result yielding a gross income of 167.16 million. This allows shareholders to hold on to 22.93M with the recently reported earning now reading -0.14 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (-0.14 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.33 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BJRI sounds very interesting.
Is the stock of BJRI attractive?
In related news, Chief Information Officer, Krakower Brian S sold 4,924 shares of the company’s stock in a transaction that recorded on Jun 07. The sale was performed at an average price of 51.72, for a total value of 254,669. As the sale deal closes, the Exec VP -Chief Dev.Officer, Lynds Gregory S now sold 19,410 shares of the company’s stock, valued at 1,149,460. Also, Chief Information Officer, Krakower Brian S sold 218 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 60.23 per share, with a total market value of 13,130. Following this completion of acquisition, the Director, Ottinger Lea Anne now holds 1,391 shares of the company’s stock, valued at 82,069. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.70%.
5 out of 14 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on BJ’s Restaurants Inc.. 2 analysts has assigned a Sell rating on the BJRI stock. The 12-month mean consensus price target for the company’s shares has been set at $64.08.