Brokerages Anticipate BJ’s Restaurants, Inc. (BJRI) to Post $0.33 Earnings Per Share

Analysts forecast that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for BJ’s Restaurants’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. BJ’s Restaurants posted earnings of $0.55 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 40%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that BJ’s Restaurants will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.63. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.46 to $1.82. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The business had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $248.73 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.

Several brokerages recently weighed in on BJRI. Zacks Investment Research upgraded BJ’s Restaurants from a “sell” rating to a “hold” rating in a research note on Friday. Barclays PLC dropped their target price on BJ’s Restaurants from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 18th. Wells Fargo & Company lowered their price target on BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity lowered their price target on BJ’s Restaurants from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Finally, Stifel Nicolaus initiated coverage on BJ’s Restaurants in a research report on Monday, October 2nd. They set a “hold” rating and a $32.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.89.

In other news, VP Gregory S. Lynds sold 3,621 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $30.48, for a total value of $110,368.08. Following the completion of the transaction, the vice president now owns 19,103 shares of the company’s stock, valued at approximately $582,259.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick Walsh sold 37,764 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total value of $1,192,964.76. Following the completion of the transaction, the director now directly owns 19,844 shares of the company’s stock, valued at approximately $626,871.96. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in shares of BJ’s Restaurants by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock valued at $132,000 after purchasing an additional 1,557 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of BJ’s Restaurants by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 657 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of BJ’s Restaurants by 20.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 877 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of BJ’s Restaurants by 59.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Pacad Investment Ltd. increased its stake in shares of BJ’s Restaurants by 1.8% in the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.

BJ’s Restaurants (NASDAQ BJRI) opened at $31.20 on Friday. BJ’s Restaurants has a one year low of $28.00 and a one year high of $47.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.56. The firm has a market capitalization of $643.75, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.45 and a beta of 0.92.

The business also recently disclosed a special dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 10th.

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BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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