Wall Street brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to announce sales of $278.76 million for the current quarter, according to Zacks. Nine analysts have provided estimates for BJ’s Restaurants’ earnings, with the highest sales estimate coming in at $280.90 million and the lowest estimate coming in at $276.56 million. BJ’s Restaurants reported sales of $270.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The business is scheduled to report its next earnings results on Tuesday, October 29th.
On average, analysts expect that BJ’s Restaurants will report full year sales of $1.16 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts expect that the firm will report sales of $1.23 billion, with estimates ranging from $1.22 billion to $1.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover BJ’s Restaurants.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $301.09 million for the quarter, compared to the consensus estimate of $300.35 million. BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. BJ’s Restaurants’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share.
Several equities analysts have recently weighed in on the stock. Loop Capital decreased their price target on shares of BJ’s Restaurants from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, July 26th. ValuEngine cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Zacks Investment Research cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Oppenheimer decreased their price target on shares of BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, CIBC raised shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.67.
In other news, CEO Greg Trojan bought 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $32.92 per share, with a total value of $474,048.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald W. Deitchle bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $33.81 per share, with a total value of $101,430.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in BJ’s Restaurants during the fourth quarter worth $20,275,000. FNY Investment Advisers LLC bought a new position in BJ’s Restaurants during the first quarter worth $34,000. Brinker Capital Inc. boosted its position in BJ’s Restaurants by 7.4% during the first quarter. Brinker Capital Inc. now owns 14,659 shares of the restaurant operator’s stock worth $693,000 after purchasing an additional 1,008 shares during the period. BNP Paribas Arbitrage SA boosted its position in BJ’s Restaurants by 97.4% during the first quarter. BNP Paribas Arbitrage SA now owns 6,252 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 3,085 shares during the period. Finally, SG Americas Securities LLC bought a new position in BJ’s Restaurants during the first quarter worth $950,000.
Shares of BJRI opened at $36.51 on Tuesday. The stock has a market capitalization of $755.02 million, a P/E ratio of 16.93, a P/E/G ratio of 1.29 and a beta of 0.88. BJ’s Restaurants has a twelve month low of $32.62 and a twelve month high of $76.50. The company has a 50 day moving average of $39.25 and a 200-day moving average of $44.92. 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 company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. BJ’s Restaurants’s dividend payout ratio is presently 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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