Jefferies Financial Group Weighs in on BJ’s Restaurants, Inc.’s FY2018 Earnings (BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities researchers at Jefferies Financial Group lifted their FY2018 earnings per share (EPS) estimates for shares of BJ’s Restaurants in a research note issued on Wednesday, October 31st. Jefferies Financial Group analyst A. Slagle now anticipates that the restaurant operator will post earnings per share of $2.37 for the year, up from their previous forecast of $2.17. Jefferies Financial Group also issued estimates for BJ’s Restaurants’ Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $2.50 EPS, Q1 2020 earnings at $0.79 EPS, Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.41 EPS and FY2020 earnings at $2.73 EPS.

BJRI has been the topic of several other research reports. BidaskClub upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Barclays upped their price objective on BJ’s Restaurants from $54.00 to $59.00 and gave the company an “underweight” rating in a research note on Wednesday. ValuEngine upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. Zacks Investment Research upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, July 17th. Finally, Maxim Group initiated coverage on BJ’s Restaurants in a report on Wednesday, August 22nd. They set a “buy” rating and a $81.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. BJ’s Restaurants has an average rating of “Hold” and an average price target of $66.75.

Shares of NASDAQ BJRI opened at $61.37 on Thursday. BJ’s Restaurants has a 52-week low of $30.00 and a 52-week high of $76.50. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 43.52, a PEG ratio of 1.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 0.44.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $262.89 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. BJ’s Restaurants’s revenue for the quarter was up 9.4% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in BJ’s Restaurants by 10.2% in the 2nd quarter. BlackRock Inc. now owns 3,168,825 shares of the restaurant operator’s stock worth $190,129,000 after buying an additional 292,172 shares in the last quarter. Acadian Asset Management LLC grew its holdings in BJ’s Restaurants by 98.8% in the 3rd quarter. Acadian Asset Management LLC now owns 765,717 shares of the restaurant operator’s stock worth $55,285,000 after buying an additional 380,544 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in BJ’s Restaurants in the 2nd quarter worth approximately $28,901,000. Hennessy Advisors Inc. bought a new position in BJ’s Restaurants in the 3rd quarter worth approximately $26,635,000. Finally, Renaissance Technologies LLC grew its holdings in BJ’s Restaurants by 66.5% in the 2nd quarter. Renaissance Technologies LLC now owns 309,058 shares of the restaurant operator’s stock worth $18,543,000 after buying an additional 123,458 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

In other news, Director Noah A. Elbogen sold 888 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $76.05, for a total transaction of $67,532.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex Puchner sold 3,907 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $62.63, for a total value of $244,695.41. Following the completion of the transaction, the insider now directly owns 4,480 shares of the company’s stock, valued at $280,582.40. The disclosure for this sale can be found here. Insiders have sold 301,614 shares of company stock valued at $21,777,152 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 12th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 8th. This is a positive change from BJ’s Restaurants’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.78%. BJ’s Restaurants’s dividend payout ratio is 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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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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