On Monday, BJ's Restaurants stock earned an upgrade to its Relative Strength (RS) Rating, from 75 to 84. The upgraded 84 RS Rating for the casual dining restaurant chain means that BJ's Restaurants stock tops 84% of all stocks for price performance over the past 12 months.
BJ's Restaurants stock, like many stocks, is riding the current market roller coaster as inflation, Fed rate hikes and an uncertain geopolitical climate roil markets. Prime example: BJ's stock shot up 7.5% on Friday to a 31.34 close, only to give back a large chunk of that gain Monday, when it fell 6.2%.
Still, the rating upgrade is significant. Stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
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BJ's Restaurants Stock Key Ratings
Among its other key ratings BJ's Restaurants stock has a decent 78 Composite Rating out of 99. It also carries a B Accumulation/Distribution Rating on an A+ to E scale. The B rating indicates that big money investors such as mutual funds and ETFs are buying more shares than selling. One yellow flag is its 37 EPS Rating. That results mainly from a weak second quarter 2022 when earnings dropped to 1 cent. It may be amid a turnaround though. Last quarter BJ's reported 7 cents EPS, reversing from a 25 cent-per-share loss the same quarter a year earlier.
Working On A Consolidation Pattern
BJ's Restaurants stock is trying to complete a consolidation with a 36.24 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Its stock has climbed about 46% from a low of 20.15 in mid-July last year to Monday's 29.40 close. Keep an eye out for the company's next round of numbers on or around April 27.
BJ's Restaurants earns the No. 19 rank among its peers in the Retail-Restaurants industry group. Potbelly and Wingstop are among the group's highest-rated stocks.
The exclusive Relative Strength Rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
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