Analysts Anticipate BJ’s Restaurants, Inc. (BJRI) Will Post Quarterly Sales of $259.98 Million

Brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report $259.98 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $258.45 million and the highest is $262.78 million. BJ’s Restaurants posted sales of $265.62 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BJ’s Restaurants will report full year sales of $259.98 million for the current fiscal year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts anticipate that the business will report sales of $1.07 billion per share, with estimates ranging from $1.05 billion to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $248.73 million. BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share.

BJRI has been the topic of a number of analyst reports. Jefferies Group reiterated a “hold” rating and issued a $39.00 price target on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Robert W. Baird reiterated a “hold” rating and issued a $36.00 price target on shares of BJ’s Restaurants in a research report on Friday, September 1st. Stifel Nicolaus initiated coverage on shares of BJ’s Restaurants in a research report on Monday, October 2nd. They issued a “hold” rating and a $32.00 price target on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $42.00 price target on shares of BJ’s Restaurants in a research report on Friday, October 6th. Finally, Wells Fargo & Company cut their price target on shares of BJ’s Restaurants from $35.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $36.89.

Shares of BJ’s Restaurants (NASDAQ BJRI) traded down $0.05 during trading hours on Friday, hitting $37.20. 290,604 shares of the company were exchanged, compared to its average volume of 449,784. The firm has a market cap of $733.52, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. BJ’s Restaurants has a 1-year low of $28.00 and a 1-year high of $47.55.

The business also recently announced a special dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is currently 7.24%.

In other BJ’s Restaurants news, VP Gregory S. Lynds sold 3,621 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $30.48, for a total transaction of $110,368.08. Following the sale, the vice president now directly owns 19,103 shares in the company, valued at approximately $582,259.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Walsh sold 37,764 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the sale, the director now owns 19,844 shares in the company, valued at $626,871.96. The disclosure for this sale can be found here. Insiders have sold a total of 184,102 shares of company stock worth $6,287,084 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BJRI. State of Alaska Department of Revenue raised its holdings in BJ’s Restaurants by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares during the period. Victory Capital Management Inc. raised its holdings in BJ’s Restaurants by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock worth $164,000 after buying an additional 657 shares during the period. SG Americas Securities LLC raised its holdings in BJ’s Restaurants by 20.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after buying an additional 877 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. Finally, Pacad Investment Ltd. raised its holdings in BJ’s Restaurants by 1.8% during the 2nd quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock worth $216,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 92.12% of the company’s stock.

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

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