BJ’s Restaurants Inc. (NASDAQ:BJRI) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Tuesday, July 26th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The business earned $250.30 million during the quarter, compared to the consensus estimate of $253.23 million. BJ’s Restaurants had a return on equity of 14.58% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect BJ’s Restaurants to post $1.83 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.

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

Shares of BJ’s Restaurants Inc. (NASDAQ:BJRI) opened at 34.89 on Monday. The firm has a 50-day moving average price of $37.27 and a 200-day moving average price of $41.78. BJ’s Restaurants Inc. has a one year low of $34.41 and a one year high of $47.95. The company has a market capitalization of $843.40 million, a P/E ratio of 18.10 and a beta of 1.17.

BJRI has been the subject of several recent analyst reports. Zacks Investment Research upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, June 27th. Tigress Financial upgraded BJ’s Restaurants from a “neutral” rating to a “buy” rating in a research report on Thursday, June 23rd. Canaccord Genuity initiated coverage on BJ’s Restaurants in a research report on Monday, August 22nd. They set a “hold” rating and a $43.00 target price for the company. Jefferies Group reiterated a “hold” rating on shares of BJ’s Restaurants in a report on Wednesday, August 3rd. Finally, Wedbush cut BJ’s Restaurants from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $40.00 in a report on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. BJ’s Restaurants currently has an average rating of “Hold” and a consensus price target of $40.67.

In related news, Director Pozzo James Dal sold 3,131 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $40.60, for a total transaction of $127,118.60. Following the completion of the sale, the director now directly owns 4,304 shares in the company, valued at approximately $174,742.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noah A. Elbogen bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of $39.17 per share, with a total value of $1,175,100.00. Following the completion of the acquisition, the director now directly owns 1,271 shares in the company, valued at $49,785.07. The disclosure for this purchase can be found here. Corporate insiders own 7.10% of the company’s stock.

A number of large investors have recently modified their holdings of BJRI. Point72 Asset Management L.P. boosted its stake in shares of BJ’s Restaurants by 79.1% in the second quarter. Point72 Asset Management L.P. now owns 86,500 shares of the company’s stock valued at $3,791,000 after buying an additional 38,200 shares in the last quarter. Arizona State Retirement System raised its position in BJ’s Restaurants by 2.0% in the second quarter. Arizona State Retirement System now owns 10,246 shares of the company’s stock worth $449,000 after buying an additional 200 shares during the last quarter. AQR Capital Management LLC raised its position in BJ’s Restaurants by 66.1% in the second quarter. AQR Capital Management LLC now owns 53,889 shares of the company’s stock worth $2,362,000 after buying an additional 21,455 shares during the last quarter. Paloma Partners Management Co raised its position in BJ’s Restaurants by 48.2% in the second quarter. Paloma Partners Management Co now owns 29,297 shares of the company’s stock worth $1,284,000 after buying an additional 9,535 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in BJ’s Restaurants during the second quarter worth approximately $1,086,000. 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.

5 Day Chart for NASDAQ:BJRI

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