BJ’s Restaurants (BJRI) Received New Wedbush Rating; Energy Income Partners Has Lowered Its Buckeye Partners LP (BPL) Position

February 15, 2018 - By Clifton Ray

Energy Income Partners Llc decreased Buckeye Partners Lp (BPL) stake by 39.45% reported in 2017Q3 SEC filing. Energy Income Partners Llc sold 450,904 shares as Buckeye Partners Lp (BPL)’s stock declined 5.01%. The Energy Income Partners Llc holds 692,162 shares with $39.45 million value, down from 1.14M last quarter. Buckeye Partners Lp now has $7.45B valuation. The stock decreased 0.63% or $0.32 during the last trading session, reaching $50.79. About 584,227 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since February 15, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Among 10 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. BJ’s Restaurants has $62 highest and $27 lowest target. $36’s average target is -4.26% below currents $37.6 stock price. BJ’s Restaurants had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, October 10 with “Hold”. The firm earned “Buy” rating on Friday, July 14 by Canaccord Genuity. The stock has “Underweight” rating by Barclays Capital on Friday, October 23. Barclays Capital maintained it with “Underweight” rating and $29 target in Wednesday, October 18 report. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) has “Buy” rating given on Friday, October 27 by Canaccord Genuity. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) has “Hold” rating given on Wednesday, June 21 by Oppenheimer. Jefferies maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Friday, December 22 with “Hold” rating. The firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. The firm has “Perform” rating given on Monday, January 4 by Oppenheimer. The rating was maintained by Barclays Capital with “Underweight” on Friday, October 27.

Energy Income Partners Llc increased New Jersey Res (NYSE:NJR) stake by 23,566 shares to 885,477 valued at $37.32 million in 2017Q3. It also upped Transmontaigne Partners LP (NYSE:TLP) stake by 20,308 shares and now owns 574,857 shares. Eqt Midstream Partners Lp (NYSE:EQM) was raised too.

Among 16 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Buckeye Partners had 49 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by DA Davidson on Monday, December 14. The rating was maintained by Stifel Nicolaus on Thursday, July 13 with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $69.0 target in Thursday, September 7 report. The firm has “Neutral” rating given on Monday, February 13 by Mizuho. On Sunday, August 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 25. The stock has “Hold” rating by Mizuho on Friday, February 9. Stifel Nicolaus downgraded Buckeye Partners, L.P. (NYSE:BPL) on Monday, February 13 to “Hold” rating. SunTrust maintained the stock with “Hold” rating in Friday, November 3 report. On Monday, November 6 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Investors sentiment increased to 1 in Q3 2017. Its up 0.03, from 0.97 in 2017Q2. It is positive, as 39 investors sold BPL shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported. Moreover, City Holdings has 0.02% invested in Buckeye Partners, L.P. (NYSE:BPL) for 800 shares. Evercore Wealth Management Ltd Liability Company reported 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Whittier Trust has 0% invested in Buckeye Partners, L.P. (NYSE:BPL). King Wealth Group Inc Limited Liability Com has invested 0.33% in Buckeye Partners, L.P. (NYSE:BPL). Plante Moran Fincl Advsrs Ltd holds 0.03% or 765 shares in its portfolio. 41,266 are held by Samson Mngmt Limited Liability. Ray Gerald L & Assoc Ltd has invested 0.15% in Buckeye Partners, L.P. (NYSE:BPL). Northern stated it has 112,047 shares or 0% of all its holdings. Gp One Trading Ltd Partnership accumulated 4,822 shares. Us National Bank & Trust De has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Mcf Advisors Ltd Limited Liability Company has 2,566 shares. Sfe Inv Counsel reported 9,305 shares stake. Naples Advsr Ltd Liability Corporation holds 6,750 shares. Wealthtrust Axiom Ltd Limited Liability Company reported 9,400 shares stake. Alliancebernstein LP holds 0% or 34,611 shares.

The stock increased 1.76% or $0.65 during the last trading session, reaching $37.6. About 276,638 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 9.69% since February 15, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on February, 22. They expect $0.33 earnings per share, down 40.00% or $0.22 from last year’s $0.55 per share. BJRI’s profit will be $6.81M for 28.48 P/E if the $0.33 EPS becomes a reality. After $0.15 actual earnings per share reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 120.00% EPS growth.

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