Equities research analysts expect BJ's Restaurants, Inc. (NASDAQ:BJRI) to announce earnings per share of $0.54 for the current quarter, Zacks reports. Seven analysts have made estimates for BJ's Restaurants’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.47. BJ's Restaurants reported earnings per share of $0.42 in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The business is expected to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that BJ's Restaurants will report full year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.96. For the next financial year, analysts forecast that the business will report earnings of $1.99 per share, with EPS estimates ranging from $1.60 to $2.29. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for BJ's Restaurants.
BJ's Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $261.10 million for the quarter, compared to analyst estimates of $259.34 million. BJ's Restaurants had a net margin of 4.34% and a return on equity of 12.07%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS.
Several research analysts have recently issued reports on BJRI shares. Barclays reaffirmed an “underweight” rating and issued a $30.00 target price (up previously from $27.00) on shares of BJ's Restaurants in a research note on Tuesday, January 16th. Stifel Nicolaus raised shares of BJ's Restaurants from a “hold” rating to a “buy” rating and raised their target price for the company from $32.00 to $44.00 in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of BJ's Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Canaccord Genuity reiterated a “buy” rating and issued a $45.00 price target on shares of BJ's Restaurants in a research report on Monday, January 8th. Finally, Wedbush upgraded shares of BJ's Restaurants from a “neutral” rating to an “outperform” rating and increased their price target for the company from $37.00 to $44.00 in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. BJ's Restaurants currently has an average rating of “Hold” and an average target price of $40.56.
Shares of BJ's Restaurants (BJRI) traded up $0.40 during midday trading on Friday, hitting $44.05. 690,335 shares of the stock traded hands, compared to its average volume of 391,762. The company has a market cap of $908.90, a price-to-earnings ratio of 33.12, a PEG ratio of 1.66 and a beta of 1.02. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.63. BJ's Restaurants has a one year low of $28.00 and a one year high of $47.55.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be given a $0.11 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.00%. BJ's Restaurants’s dividend payout ratio is 8.27%.
In other BJ's Restaurants news, Director Patrick Walsh sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the sale, the director now directly owns 19,844 shares in the company, valued at approximately $703,072.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in BJ's Restaurants by 41.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,214 shares of the restaurant operator’s stock worth $189,000 after buying an additional 1,823 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in BJ's Restaurants by 59.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock worth $214,000 after buying an additional 2,620 shares during the period. Teacher Retirement System of Texas acquired a new stake in BJ's Restaurants during the 4th quarter worth approximately $230,000. Stone Ridge Asset Management LLC acquired a new stake in BJ's Restaurants during the 4th quarter worth approximately $255,000. Finally, Macquarie Group Ltd. acquired a new stake in BJ's Restaurants during the 3rd quarter worth approximately $292,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2018/03/14/bjs-restaurants-inc-bjri-expected-to-post-earnings-of-0-54-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BJ's Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.