BJ's Restaurants Inc. (BJRI)

It's been a solid year for restaurant stocks so far, especially for these 3 names.

Looking at the universe of stocks we cover at Dividend Channel, on 8/10/18, BJ's Restaurants Inc , Systemax, Inc. , and Papa John's International, Inc.

A study of analyst recommendations at the major brokerages shows that BJ's Restaurants Inc is the #82 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.

Thousands of Pizza Lovers to Receive a Free Mini Cheese or Pepperoni Deep Dish Pizza Delivered to Their Doorstep By DoorDash

A study of analyst recommendations at the major brokerages shows that BJ's Restaurants Inc is the #82 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.

In recent trading, shares of BJ's Restaurants Inc have crossed above the average analyst 12-month target price of $42.90, changing hands for $43.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Investors eyeing a purchase of BJ's Restaurants Inc shares, but tentative about paying the going market price of $44.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $35 strike, which has a bid at the time of this writing of $1.30.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in BJ's Restaurants Inc , where a total of 2,021 contracts have traded so far, representing approximately 202,100 underlying shares. That amounts to about 54% of BJRI's average daily trading volume over the past month of 373,945 shares.

Let's check the charts and indicators of BJRI to see if they look bullish.

Declares Quarterly Cash Dividend of $0.11 Per Share

In recent trading, shares of BJ's Restaurants Inc have crossed above the average analyst 12-month target price of $36.60, changing hands for $36.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

WATCH: Kids aka Hungry Heroes Critique BJ's EnLIGHTened Entrees®

In recent trading, shares of BJ's Restaurants Inc have crossed above the average analyst 12-month target price of $33.60, changing hands for $34.65/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Investors in BJ's Restaurants Inc saw new options begin trading this week, for the July 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

Members of the Armed Forces are invited to enjoy a complimentary entree on Nov. 10-11, plus a handcrafted BJ's beer or soda generously contributed by a member of the community

BJ's Restaurants Initiates Quarterly Cash Dividend of $0.11 Per Share

Investors in BJ's Restaurants Inc saw new options begin trading this week, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BJRI options chain for the new December 15th contracts and identified one put and one call contract of particular interest.

Domino's and Taco Bell top the list. McDonald's, not so much, according to a new Stifel report.