BJ's Restaurants shows relatively strong fundamentals and is coming back to attractive prices.
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Moreover, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.
Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend should reversed upon contact with the USD 42.13 area. BJ's Restaurants should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 44.16 and by extension towards USD 46.7.
Thanks to the technical pattern and BJ's Restaurants' strong fundamentals, active investors can open long trade above USD 42.1. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 46.7 in a first time and then at USD 46.7.
However, a bearish trend would regain the upper hand if the security crosses USD 42.1.
BJ's Restaurants, Inc. is a casual dining restaurant. The Companyâs restaurants feature a menu with approximately 100 menu items designed to offer various items, including slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as Cherry Chipotle Glazed Salmon, original signature deep-dish pizza, the Pizookie dessert and BJs craft beers. Its craft beer is produced at five in-house brewing facilities and by independent third-party brewers using its recipes. The Company is a national restaurant chain, which owns and operates approximately 200 casual dining restaurants located in 30 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and Washington.
BJ'S RESTAURANTS, INC. 
