BJ Restaurants (BJRI) is Downgraded by Oppenheimer to Perform

BJ Restaurants (BJRI) is Downgraded by Oppenheimer to Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

BJs Restaurants, Inc. is up 3.18% in the last 3-month period. Year-to-Date the stock performance stands at -13.42%.

BJs Restaurants, Inc. (NASDAQ:BJRI) has lost 2.88% during the past week and dropped 2.27% in the last 4 weeks. The shares have underperformed the S&P 500 by 2.07% during the past week but BJs Restaurants, Inc. (NASDAQ:BJRI) has outperformed the index in 4 weeks by 0.01%.

Shares of BJs Restaurants, Inc. (NASDAQ:BJRI) ended Thursday session in red amid volatile trading. The shares closed down 0.54 points or 1.23% at $43.47 with 266,590 shares getting traded. Post opening the session at $43.97, the shares hit an intraday low of $43.3769 and an intraday high of $44.31 and the price vacillated in this range throughout the day. The company has a market cap of $1,096 million and the number of outstanding shares have been calculated to be 25,204,339 shares. The 52-week high of BJs Restaurants, Inc. (NASDAQ:BJRI) is $55.44 and the 52-week low is $40.33.

Currently the company Insiders own 20.35% of BJs Restaurants, Inc. shares according to the proxy statements. Institutional Investors own 88.89% of BJs Restaurants, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Bjs Restaurants Inc, Bassi Peter A sold 8,310 shares at $44.13 on November 23, 2015. The Insider selling transaction had a total value worth of $366,720. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

BJs Restaurants, Inc. (BJs) owns and operates restaurants. As of February 25, 2013, the Company owned and operated 130 restaurants located in the 15 states of California, Texas, Florida, Arizona, Nevada, Colorado, Ohio, Oregon, Oklahoma, Washington, Indiana, Kansas, Kentucky, Louisiana and New Mexico. The Companys restaurants operate under the BJs Restaurant & Brewery BJs Restaurant & Brewhouse, BJs Pizza & Grill, or BJs Grill names. The Companys menu features its BJs deep-dish pizza, its hand-tossed style pizza, its craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert. The Companys BJs Restaurant & Brewery restaurants feature on-premise brewing facilities where BJs craft beers are produced for some of its restaurants. On June 3, 2013, the Company opened restaurant in Fort Collins, Colorado.