34.25% to Target, B.Riley FBR Reiterates “Buy” Rating for Brunswick (BC) Stock; Mig Capital Cut Bjs Restaurants (BJRI) Stake

April 13, 2018 - By John Hoffman

Brunswick Corporation (NYSE:BC) Logo

Mig Capital Llc decreased Bjs Restaurants Inc (BJRI) stake by 81.65% reported in 2017Q4 SEC filing. Mig Capital Llc sold 260,995 shares as Bjs Restaurants Inc (BJRI)’s stock rose 20.36%. The Mig Capital Llc holds 58,660 shares with $2.14M value, down from 319,655 last quarter. Bjs Restaurants Inc now has $940.12 million valuation. The stock decreased 1.08% or $0.5 during the last trading session, reaching $45.85. About 384,245 shares traded or 3.54% up from the average. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since April 13, 2017 and is uptrending. It has outperformed by 2.09% the S&P500.

Stock analysts at B.Riley FBR have $80.0000 price target on Brunswick Corporation (NYSE:BC). B.Riley FBR’s price target would suggest a potential upside of 34.25% from the company’s previous close. The rating was released in an analyst report on Friday morning.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on April, 26. They expect $0.54 EPS, up 28.57% or $0.12 from last year’s $0.42 per share. BJRI’s profit will be $11.07M for 21.23 P/E if the $0.54 EPS becomes a reality. After $0.37 actual EPS reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 45.95% EPS growth.

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 41 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, October 20 the stock rating was maintained by Wedbush with “Neutral”. The stock has “Outperform” rating by Wedbush on Friday, February 19. On Wednesday, January 3 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) has “Hold” rating given on Friday, July 28 by Piper Jaffray. The firm has “Outperform” rating by Wedbush given on Friday, February 23. On Tuesday, January 16 the stock rating was maintained by Barclays Capital with “Sell”. Barclays Capital maintained the shares of BJRI in report on Thursday, October 20 with “Underweight” rating. Wedbush downgraded it to “Underperform” rating and $34 target in Thursday, January 5 report. As per Wednesday, January 24, the company rating was maintained by Barclays Capital. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, July 19.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.31, from 1.19 in 2017Q3. It dropped, as 24 investors sold BJRI 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. State Board Of Administration Of Florida Retirement Sys invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Teachers Retirement System Of The State Of Kentucky reported 8,100 shares or 0% of all its holdings. Leucadia Natl Corporation holds 0.03% or 10,896 shares in its portfolio. Prudential Fincl has invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Northern Corp, Illinois-based fund reported 262,158 shares. 748 are held by Pnc Fincl Group Incorporated. Arrowstreet Cap Partnership stated it has 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Matarin Capital Management Lc invested 0.59% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Jacobs Levy Equity Mgmt owns 37,440 shares. Moreover, Teacher Retirement Sys Of Texas has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 6,321 shares. Voya Mgmt Limited Com owns 9,601 shares. Jefferies Group Ltd Liability Corp invested in 0.01% or 39,934 shares. Bnp Paribas Arbitrage Sa reported 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). California Pub Employees Retirement System reported 32,992 shares or 0% of all its holdings. Legal General Grp Public Limited reported 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI).

Since February 28, 2018, it had 0 insider purchases, and 4 insider sales for $3.72 million activity. On Friday, March 2 the insider Mayer Kevin E. sold $34,082. 70,999 shares valued at $3.08M were sold by DEITCHLE GERALD W on Friday, March 2. 3,660 shares valued at $162,091 were sold by PUCHNER ALEX on Monday, March 5. The insider Elbogen Noah A. sold $441,000.

Among 18 analysts covering Brunswick (NYSE:BC), 16 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. Brunswick has $80 highest and $49 lowest target. $68.27’s average target is 14.57% above currents $59.59 stock price. Brunswick had 69 analyst reports since September 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Brunswick Corporation (NYSE:BC) on Monday, July 10 with “Buy” rating. Stifel Nicolaus maintained Brunswick Corporation (NYSE:BC) rating on Friday, July 14. Stifel Nicolaus has “Buy” rating and $6800 target. RBC Capital Markets maintained the shares of BC in report on Wednesday, August 30 with “Buy” rating. On Friday, March 2 the stock rating was maintained by Robert W. Baird with “Outperform”. The company was maintained on Friday, December 16 by Wedbush. Forward View Consulting maintained the shares of BC in report on Sunday, July 30 with “Hold” rating. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by Citigroup on Monday, November 13. Robert W. Baird maintained it with “Buy” rating and $68.0 target in Friday, October 13 report. Forward View Consulting upgraded Brunswick Corporation (NYSE:BC) on Sunday, September 3 to “Buy” rating. The rating was maintained by SunTrust on Thursday, January 25 with “Buy”.

The stock increased 0.78% or $0.46 during the last trading session, reaching $59.59. About 760,133 shares traded. Brunswick Corporation (NYSE:BC) has declined 3.37% since April 13, 2017 and is downtrending. It has underperformed by 14.92% the S&P500.

Since December 15, 2017, it had 0 insider purchases, and 2 sales for $390,150 activity. Pfeifer John C sold 3,780 shares worth $207,756. Shares for $182,394 were sold by Dekker Christopher F.

Analysts await Brunswick Corporation (NYSE:BC) to report earnings on April, 26. They expect $0.95 EPS, up 13.10% or $0.11 from last year’s $0.84 per share. BC’s profit will be $83.00 million for 15.68 P/E if the $0.95 EPS becomes a reality.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $5.21 billion. The companyÂ’s Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets. It has a 36.65 P/E ratio. It serves independent boat builders and end users, as well as local, state, and foreign governments through marine dealers and distributors, specialty marine retailers, and marine service centers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet, Mercury Jet Drive, Mercury Diesel, Sea Pro, Axius, Zeus, Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Garelick, Whale, Land 'N' Sea, Kellogg Marine Supply, Payne's Marine Group, BLA, Seachoice, and MotorGuide brand names.

Brunswick Corporation (NYSE:BC) Institutional Positions Chart