Brokerages forecast that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce earnings per share of $0.12 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for BJ’s Restaurants’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.04. BJ’s Restaurants reported earnings per share of $0.39 in the same quarter last year, which would indicate a negative year-over-year growth rate of 69.2%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that BJ’s Restaurants will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.12. For the next fiscal year, analysts expect that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $1.85 to $2.57. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for BJ’s Restaurants.
BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The firm had revenue of $301.09 million during the quarter, compared to the consensus estimate of $300.35 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. BJ’s Restaurants’s revenue for the quarter was up 4.7% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded BJ’s Restaurants from a “strong sell” rating to a “sell” rating in a report on Tuesday. Wedbush cut their target price on BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Robert W. Baird cut their target price on BJ’s Restaurants from $53.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank assumed coverage on BJ’s Restaurants in a report on Friday, June 28th. They issued a “buy” rating and a $51.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.67.
In related news, Director Gerald W. Deitchle purchased 3,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $33.81 per share, with a total value of $101,430.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Greg Trojan purchased 14,400 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $32.92 per share, with a total value of $474,048.00. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC purchased a new stake in BJ’s Restaurants in the 2nd quarter valued at $135,000. Quantitative Systematic Strategies LLC purchased a new stake in BJ’s Restaurants in the 2nd quarter valued at $203,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of BJ’s Restaurants during the 1st quarter valued at $215,000. Piedmont Investment Advisors Inc. increased its position in shares of BJ’s Restaurants by 4.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,301 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 245 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at $268,000.
Shares of BJRI opened at $39.26 on Tuesday. BJ’s Restaurants has a 12-month low of $32.62 and a 12-month high of $76.25. The business’s fifty day moving average is $37.31 and its 200 day moving average is $43.54. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of 1.68. The stock has a market cap of $790.01 million, a P/E ratio of 16.71, a P/E/G ratio of 1.37 and a beta of 0.88.
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 9th. BJ’s Restaurants’s payout ratio is currently 20.43%.
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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.
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