Q4 2016 EPS Estimates for BJ’s Restaurants Inc. (BJRI) Cut by KeyCorp
BJ’s Restaurants Inc. (NASDAQ:BJRI) – Equities researchers at KeyCorp decreased their Q4 2016 earnings per share (EPS) estimates for shares of BJ’s Restaurants in a note issued to investors on Wednesday. KeyCorp analyst C. O’cull now anticipates that the brokerage will earn $0.43 per share for the quarter, down from their previous estimate of $0.50.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, June 27th. Tigress Financial raised BJ’s Restaurants from a “neutral” rating to a “buy” rating in a report on Thursday, June 23rd. Canaccord Genuity initiated coverage on BJ’s Restaurants in a report on Monday, August 22nd. They set a “hold” rating and a $43.00 price objective on the stock. Jefferies Group reaffirmed a “hold” rating on shares of BJ’s Restaurants in a report on Wednesday, August 3rd. Finally, Wedbush lowered BJ’s Restaurants from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $47.00 to $40.00 in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.67.
BJ’s Restaurants (NASDAQ:BJRI) opened at 36.31 on Monday. BJ’s Restaurants has a 52-week low of $34.83 and a 52-week high of $47.95. The firm’s 50-day moving average is $38.45 and its 200-day moving average is $42.17. The stock has a market capitalization of $877.72 million, a price-to-earnings ratio of 18.83 and a beta of 1.17.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. BJ’s Restaurants had a return on equity of 14.58% and a net margin of 5.09%. The business had revenue of $250.30 million for the quarter, compared to analysts’ expectations of $253.23 million. During the same period in the prior year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year.
In related news, major shareholder Luxor Capital Group, Lp sold 40,108 shares of the stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $36.49, for a total transaction of $1,463,540.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry D. Bouts sold 26,792 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $40.86, for a total value of $1,094,721.12. Following the transaction, the director now owns 1,955 shares in the company, valued at $79,881.30. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its position in BJ’s Restaurants by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 542,290 shares of the company’s stock valued at $22,543,000 after buying an additional 10,377 shares during the period. Loomis Sayles & Co. L P acquired a new position in BJ’s Restaurants during the first quarter valued at $1,180,000. Spark Investment Management LLC acquired a new position in BJ’s Restaurants during the first quarter valued at $927,000. GW&K Investment Management LLC increased its position in BJ’s Restaurants by 241.4% in the second quarter. GW&K Investment Management LLC now owns 304,722 shares of the company’s stock valued at $13,356,000 after buying an additional 215,477 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in BJ’s Restaurants during the first quarter valued at $2,999,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.
About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.
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