BJ's Restaurants, Inc. (BJRI) Reaches $48.85 After 3.00% Down Move; Estabrook Capital Management Has Cut Nokia (NOK) Stake By $9.32 Million

April 17, 2018 - By Nellie Frank

BJ's Restaurants, Inc. (NASDAQ:BJRI) Logo

Estabrook Capital Management decreased Nokia Corp (NOK) stake by 44.44% reported in 2017Q4 SEC filing. Estabrook Capital Management sold 2,000 shares as Nokia Corp (NOK)’s stock rose 13.81%. The Estabrook Capital Management holds 2,500 shares with $11.65M value, down from 4,500 last quarter. Nokia Corp now has $32.90 billion valuation. The stock increased 4.37% or $0.245 during the last trading session, reaching $5.855. About 20.01 million shares traded or 15.75% up from the average. Nokia Corporation (NYSE:NOK) has declined 0.37% since April 17, 2017 and is downtrending. It has underperformed by 11.92% the S&P500.

The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) is a huge mover today! The stock decreased 0.81% or $0.4 during the last trading session, reaching $48.85. About 159,073 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since April 17, 2017 and is uptrending. It has outperformed by 2.09% the S&P500.The move comes after 8 months negative chart setup for the $1.00B company. It was reported on Apr, 17 by Barchart.com. We have $47.38 PT which if reached, will make NASDAQ:BJRI worth $30.06M less.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on April, 26. They expect $0.54 earnings per share, up 28.57% or $0.12 from last year’s $0.42 per share. BJRI’s profit will be $11.08 million for 22.62 P/E if the $0.54 EPS becomes a reality. After $0.37 actual earnings per share reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 45.95% EPS growth.

BJÂ’s Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company has market cap of $1.00 billion. The Company’s restaurants offer pizzas, craft and other beers, appetizers, soups, entrees, pastas, sandwiches, salads, and desserts. It has a 23.71 P/E ratio. As of September 5, 2017, the firm owned and operated 195 casual dining restaurants located in the 25 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Since February 28, 2018, it had 0 insider buys, and 4 selling transactions for $3.72 million activity. $34,082 worth of BJ's Restaurants, Inc. (NASDAQ:BJRI) was sold by Mayer Kevin E. on Friday, March 2. Another trade for 10,000 shares valued at $441,000 was made by Elbogen Noah A. on Wednesday, February 28. DEITCHLE GERALD W sold $3.08 million worth of BJ's Restaurants, Inc. (NASDAQ:BJRI) on Friday, March 2. Another trade for 3,660 shares valued at $162,091 was made by PUCHNER ALEX on Monday, March 5.

Among 11 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. BJ’s Restaurants had 42 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, January 3. The firm earned “Equal Weight” rating on Wednesday, September 16 by Morgan Stanley. Canaccord Genuity maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) rating on Friday, October 27. Canaccord Genuity has “Buy” rating and $38 target. Barclays Capital maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Friday, October 27 with “Underweight” rating. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) has “Hold” rating given on Friday, July 28 by Piper Jaffray. As per Thursday, October 20, the company rating was maintained by Barclays Capital. As per Friday, September 9, the company rating was downgraded by Wedbush. The firm has “Outperform” rating given on Friday, February 23 by Wedbush. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 20. Jefferies maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) rating on Friday, December 22. Jefferies has “Hold” rating and $37.0 target.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.31, from 1.19 in 2017Q3. It is negative, as 24 investors sold BJ's Restaurants, Inc. shares while 52 reduced holdings. 28 funds opened positions while 39 raised stakes. 16.91 million shares or 2.77% more from 16.45 million shares in 2017Q3 were reported. Blackrock reported 2.37 million shares. 276 were accumulated by Tower Rech Capital Ltd (Trc). Moreover, Arrowstreet Capital Partnership has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI). State Board Of Administration Of Florida Retirement Systems reported 19,322 shares stake. Wellington Group Llp holds 0% or 53,393 shares in its portfolio. Bancorporation Of Mellon has invested 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Moreover, Maverick Cap Ltd has 0.1% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI). Stone Ridge Asset Limited Co holds 0.02% or 7,002 shares. Tudor Inv Corporation Et Al holds 0.01% or 6,091 shares. Public Employees Retirement System Of Ohio reported 17,531 shares. Wells Fargo And Company Mn invested in 44,967 shares. Swiss Bank & Trust stated it has 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Suntrust Banks reported 0.01% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Arizona State Retirement Systems holds 0.01% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 30,167 shares. 15,000 are owned by Maplelane Cap Lc.

Analysts await Nokia Corporation (NYSE:NOK) to report earnings on April, 26 before the open. They expect $0.03 earnings per share, 0.00% or $0.00 from last year’s $0.03 per share. NOK’s profit will be $168.56M for 48.79 P/E if the $0.03 EPS becomes a reality. After $0.15 actual earnings per share reported by Nokia Corporation for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.

Among 25 analysts covering Nokia (NYSE:NOK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Nokia had 53 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, June 14 by BMO Capital Markets. The firm has “Hold” rating by Oppenheimer given on Friday, April 28. The stock has “Buy” rating by Canaccord Genuity on Monday, May 16. Goldman Sachs downgraded Nokia Corporation (NYSE:NOK) on Thursday, January 18 to “Neutral” rating. BMO Capital Markets maintained Nokia Corporation (NYSE:NOK) on Wednesday, July 26 with “Hold” rating. The company was upgraded on Monday, January 18 by Argus Research. The stock has “Underperform” rating by CLSA on Friday, October 28. The firm earned “Buy” rating on Monday, February 5 by Bank of America. The stock of Nokia Corporation (NYSE:NOK) earned “Outperform” rating by CLSA on Wednesday, May 25. The firm has “Outperform” rating given on Thursday, September 3 by Bernstein.

Estabrook Capital Management increased Hanesbrands Inc Com (NYSE:HBI) stake by 2,294 shares to 10,608 valued at $221.81M in 2017Q4. It also upped Rowe T Price Intl Fds Inc Intl (PRITX) stake by 256 shares and now owns 5,415 shares. Investment Co. Of America (AIVSX) was raised too.

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By1 Nellie Frank

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