BJ’s Restaurants, Inc. (BJRI) Expected to Announce Earnings of $0.26 Per Share
Analysts predict that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will post earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for BJ’s Restaurants’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.21. BJ’s Restaurants posted earnings per share of $0.30 during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The company is scheduled to report its next earnings results on Wednesday, October 18th.
According to Zacks, analysts expect that BJ’s Restaurants will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.53 to $1.70. For the next fiscal year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.53 to $1.90. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow BJ’s Restaurants.
BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $265.80 million for the quarter, compared to analyst estimates of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS.
Several research firms have issued reports on BJRI. Jefferies Group LLC restated a “hold” rating and issued a $39.00 price target on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Canaccord Genuity reissued a “buy” rating and issued a $42.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 28th. Stifel Nicolaus began coverage on shares of BJ’s Restaurants in a research note on Monday. They set a “hold” rating and a $32.00 price target for the company. Barclays PLC cut their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating for the company in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.60.
Several large investors have recently modified their holdings of BJRI. BlackRock Inc. raised its stake in shares of BJ’s Restaurants by 132,808.6% during the first quarter. BlackRock Inc. now owns 2,518,618 shares of the restaurant operator’s stock worth $101,752,000 after buying an additional 2,516,723 shares during the last quarter. Vanguard Group Inc. grew its holdings in BJ’s Restaurants by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,802,486 shares of the restaurant operator’s stock worth $67,142,000 after acquiring an additional 51,389 shares during the period. Dimensional Fund Advisors LP grew its holdings in BJ’s Restaurants by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 977,686 shares of the restaurant operator’s stock worth $39,498,000 after acquiring an additional 32,798 shares during the period. Neuberger Berman Group LLC grew its holdings in BJ’s Restaurants by 4.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after acquiring an additional 29,949 shares during the period. Finally, Morgan Stanley grew its holdings in BJ’s Restaurants by 13.3% during the 1st quarter. Morgan Stanley now owns 526,480 shares of the restaurant operator’s stock worth $21,271,000 after acquiring an additional 61,785 shares during the period. Institutional investors own 99.55% of the company’s stock.
Shares of BJ’s Restaurants (BJRI) traded up 0.16% during trading on Wednesday, hitting $30.75. 27,141 shares of the stock traded hands. The company has a market cap of $659.46 million, a PE ratio of 18.12 and a beta of 1.07. BJ’s Restaurants has a one year low of $28.00 and a one year high of $47.55. The firm has a 50 day moving average price of $30.35 and a 200-day moving average price of $37.42.
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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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