BJ’s Restaurants, Inc. (NASDAQ:BJRI) announced a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Stockholders of record on Monday, November 12th will be given a dividend of 0.12 per share by the restaurant operator on Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.11.
Shares of BJRI opened at $65.19 on Wednesday. BJ’s Restaurants has a one year low of $30.00 and a one year high of $76.50. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 46.23, a PEG ratio of 1.73 and a beta of 1.04.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.16. BJ’s Restaurants had a return on equity of 16.70% and a net margin of 5.80%. The company had revenue of $270.27 million during the quarter, compared to analysts’ expectations of $262.89 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that BJ’s Restaurants will post 2.32 earnings per share for the current year.
In other BJ’s Restaurants news, VP Kendra D. Miller sold 5,000 shares of BJ’s Restaurants stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $64.00, for a total transaction of $320,000.00. Following the completion of the transaction, the vice president now owns 10,733 shares in the company, valued at approximately $686,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Greg Trojan sold 67,401 shares of BJ’s Restaurants stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $74.89, for a total value of $5,047,660.89. Following the transaction, the chief executive officer now owns 64,783 shares of the company’s stock, valued at approximately $4,851,598.87. The disclosure for this sale can be found here. Insiders have sold a total of 296,782 shares of company stock valued at $21,474,320 in the last quarter. Company insiders own 6.80% of the company’s stock.
A number of analysts have commented on BJRI shares. Maxim Group started coverage on BJ’s Restaurants in a research report on Wednesday, August 22nd. They set a “buy” rating and a $81.00 price target for the company. Piper Jaffray Companies raised BJ’s Restaurants from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Morgan Stanley lifted their price target on BJ’s Restaurants from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 18th. Gordon Haskett started coverage on BJ’s Restaurants in a research report on Thursday, October 18th. They set an “underperform” rating for the company. Finally, BidaskClub raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $66.75.
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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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