BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Oppenheimer lifted their FY2018 earnings per share estimates for shares of BJ’s Restaurants in a report issued on Tuesday, October 30th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $2.36 for the year, up from their previous forecast of $2.17. Oppenheimer also issued estimates for BJ’s Restaurants’ Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.34 EPS and Q4 2019 earnings at $0.57 EPS.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.16. BJ’s Restaurants had a return on equity of 17.28% and a net margin of 5.80%. The firm had revenue of $270.27 million for the quarter, compared to the consensus estimate of $262.89 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
Several other equities research analysts also recently weighed in on the company. Maxim Group started coverage on BJ’s Restaurants in a report on Wednesday, August 22nd. They issued a “buy” rating and a $81.00 price target on the stock. Piper Jaffray Companies upgraded BJ’s Restaurants from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. BidaskClub upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a report on Monday, September 17th. Finally, Stephens restated a “buy” rating and set a $70.00 price objective on shares of BJ’s Restaurants in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.75.
Shares of NASDAQ BJRI opened at $61.74 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. BJ’s Restaurants has a fifty-two week low of $30.00 and a fifty-two week high of $76.50. The company has a market capitalization of $1.32 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 1.92 and a beta of 0.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P boosted its position in BJ’s Restaurants by 2.1% during the 2nd quarter. Martingale Asset Management L P now owns 38,614 shares of the restaurant operator’s stock valued at $2,317,000 after acquiring an additional 802 shares in the last quarter. State of Alaska Department of Revenue boosted its position in BJ’s Restaurants by 15.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,805 shares of the restaurant operator’s stock valued at $491,000 after acquiring an additional 888 shares in the last quarter. Victory Capital Management Inc. boosted its position in BJ’s Restaurants by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 6,868 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 942 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in BJ’s Restaurants by 6.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 18,061 shares of the restaurant operator’s stock valued at $1,304,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in BJ’s Restaurants by 14.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the restaurant operator’s stock valued at $671,000 after acquiring an additional 1,200 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.
In other BJ’s Restaurants news, VP Kendra D. Miller sold 5,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $64.00, for a total transaction of $320,000.00. Following the sale, the vice president now owns 10,733 shares of the company’s stock, valued at approximately $686,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex Puchner sold 3,907 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $62.63, for a total value of $244,695.41. Following the sale, the insider now directly owns 4,480 shares in the company, valued at approximately $280,582.40. The disclosure for this sale can be found here. Insiders have sold a total of 301,614 shares of company stock worth $21,777,152 over the last 90 days. 6.80% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 12th will be issued a dividend of $0.12 per share. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, November 8th. BJ’s Restaurants’s dividend payout ratio (DPR) is presently 31.21%.
About BJ’s Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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