Equities Analysts Issue Forecasts for BJ’s Restaurants, Inc.’s Q2 2021 Earnings (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at William Blair upped their Q2 2021 EPS estimates for shares of BJ’s Restaurants in a research note issued to investors on Monday, July 19th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.15. William Blair also issued estimates for BJ’s Restaurants’ FY2021 earnings at $0.45 EPS and FY2022 earnings at $2.23 EPS.

A number of other analysts have also issued reports on BJRI. Wells Fargo & Company reduced their target price on BJ’s Restaurants from $85.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley increased their price objective on BJ’s Restaurants from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday, April 26th. Stephens cut their price objective on BJ’s Restaurants from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 9th. Barclays increased their price objective on BJ’s Restaurants from $40.00 to $45.00 in a report on Friday, April 23rd. Finally, TheStreet upgraded BJ’s Restaurants from a “d+” rating to a “c-” rating in a report on Thursday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $55.73.

BJRI opened at $44.97 on Tuesday. The stock’s fifty day moving average is $50.49. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -17.10, a PEG ratio of 4.61 and a beta of 2.27. BJ’s Restaurants has a fifty-two week low of $18.00 and a fifty-two week high of $63.42. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Wednesday, April 21st. The restaurant operator reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.52. The business had revenue of $223.31 million during the quarter, compared to analyst estimates of $202.45 million. BJ’s Restaurants had a negative return on equity of 16.61% and a negative net margin of 7.60%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same period last year, the company posted ($0.22) EPS.

In other BJ’s Restaurants news, insider Brian S. Krakower sold 4,924 shares of the stock in a transaction on Monday, June 7th. The shares were sold at an average price of $51.72, for a total transaction of $254,669.28. Following the transaction, the insider now directly owns 4,295 shares of the company’s stock, valued at $222,137.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of BJ’s Restaurants in the first quarter valued at about $39,907,000. Granite Investment Partners LLC acquired a new stake in shares of BJ’s Restaurants in the first quarter valued at about $20,560,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of BJ’s Restaurants in the first quarter valued at about $20,104,000. Emerald Advisers LLC acquired a new stake in shares of BJ’s Restaurants in the first quarter valued at about $19,647,000. Finally, Morgan Stanley grew its position in shares of BJ’s Restaurants by 163.7% in the fourth quarter. Morgan Stanley now owns 507,734 shares of the restaurant operator’s stock valued at $19,544,000 after purchasing an additional 315,211 shares during the last quarter.

BJ’s Restaurants Company Profile

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 June 1, 2021, the company operated 212 casual dining restaurants in 29 states.

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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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