Wall Street analysts expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will post earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided 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 per share of $0.55 in the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that BJ’s Restaurants will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.42. For the next financial year, analysts forecast that the company will post earnings of $1.59 per share, with EPS estimates ranging from $1.46 to $1.75. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for BJ’s Restaurants.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.09). The company had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. BJ’s Restaurants had a return on equity of 13.85% and a net margin of 3.30%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share.
Several research analysts recently commented on BJRI shares. Jefferies Group reiterated a “hold” rating and issued a $39.00 price target on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Canaccord Genuity decreased their price objective on BJ’s Restaurants from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, October 27th. Barclays decreased their price target on BJ’s Restaurants from $29.00 to $27.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. Zacks Investment Research lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. BJ’s Restaurants presently has an average rating of “Hold” and a consensus price target of $36.89.
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded down $0.20 during midday trading on Thursday, hitting $35.55. The stock had a trading volume of 415,170 shares, compared to its average volume of 405,998. BJ’s Restaurants has a 52 week low of $28.00 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46. The stock has a market capitalization of $733.50, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.
The company also recently disclosed a special dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 10th. BJ’s Restaurants’s dividend payout ratio is 7.24%.
In other BJ’s Restaurants news, CFO Gregory Levin sold 7,209 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total transaction of $245,178.09. Following the transaction, the chief financial officer now directly owns 45,672 shares of the company’s stock, valued at $1,553,304.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian S. Krakower sold 801 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $34.07, for a total transaction of $27,290.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,102 shares of company stock valued at $2,035,484. 6.80% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in BJ’s Restaurants by 34.3% during the second quarter. Ameriprise Financial Inc. now owns 132,445 shares of the restaurant operator’s stock worth $4,934,000 after buying an additional 33,810 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of BJ’s Restaurants by 4.6% in the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock valued at $25,440,000 after purchasing an additional 29,949 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BJ’s Restaurants in the second quarter valued at about $417,000. Westpac Banking Corp acquired a new stake in shares of BJ’s Restaurants in the second quarter valued at about $309,000. Finally, Ballentine Partners LLC grew its position in shares of BJ’s Restaurants by 31.9% in the third quarter. Ballentine Partners LLC now owns 395,686 shares of the restaurant operator’s stock valued at $12,049,000 after purchasing an additional 95,686 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.
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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