Wall Street brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to announce sales of $282.46 million for the current quarter, Zacks reports. Seven analysts have provided estimates for BJ’s Restaurants’ earnings, with the lowest sales estimate coming in at $280.00 million and the highest estimate coming in at $283.80 million. BJ’s Restaurants reported sales of $265.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that BJ’s Restaurants will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.08 billion to $1.10 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.13 billion per share, with estimates ranging from $1.11 billion to $1.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow BJ’s Restaurants.
BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.14. BJ’s Restaurants had a net margin of 4.77% and a return on equity of 13.81%. The business had revenue of $278.52 million during the quarter, compared to analysts’ expectations of $273.86 million. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Several equities research analysts have recently commented on BJRI shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 target price (up from $34.00) on shares of BJ’s Restaurants in a research report on Monday, February 26th. Zacks Investment Research cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of BJ’s Restaurants in a research report on Friday, February 23rd. Wedbush raised shares of BJ’s Restaurants from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $44.00 in a research report on Thursday, February 15th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of BJ’s Restaurants in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.44.
Shares of NASDAQ:BJRI traded up $0.20 on Tuesday, hitting $53.30. The company had a trading volume of 5,886 shares, compared to its average volume of 587,891. BJ’s Restaurants has a 1 year low of $28.00 and a 1 year high of $57.65. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 1.73 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Investors of record on Monday, May 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $0.44 dividend on an annualized basis and a yield of 0.83%. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 31.21%.
In related news, Director Noah A. Elbogen sold 14,874 shares of BJ’s Restaurants stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $55.84, for a total transaction of $830,564.16. Following the completion of the transaction, the director now directly owns 35,114 shares of the company’s stock, valued at approximately $1,960,765.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gerald W. Deitchle sold 161,703 shares of BJ’s Restaurants stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $43.55, for a total transaction of $7,042,165.65. Following the transaction, the director now directly owns 80,548 shares of the company’s stock, valued at $3,507,865.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 888,289 shares of company stock valued at $47,209,671. 6.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in BJRI. Cubist Systematic Strategies LLC bought a new stake in BJ’s Restaurants during the 1st quarter valued at about $201,000. Teacher Retirement System of Texas bought a new stake in BJ’s Restaurants during the 4th quarter valued at about $230,000. Stone Ridge Asset Management LLC bought a new stake in BJ’s Restaurants during the 4th quarter valued at about $255,000. Verition Fund Management LLC bought a new stake in BJ’s Restaurants during the 1st quarter valued at about $323,000. Finally, Element Capital Management LLC bought a new stake in BJ’s Restaurants during the 1st quarter valued at about $329,000. Institutional investors and hedge funds own 98.16% of the company’s stock.
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 March 20, 2018, the company owned and operated 198 casual dining restaurants located in the 26 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, South Carolina, Tennessee, Texas, Virginia, and Washington.
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