Analysts expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report $277.11 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for BJ’s Restaurants’ earnings, with the highest sales estimate coming in at $279.11 million and the lowest estimate coming in at $273.44 million. BJ’s Restaurants reported sales of $261.14 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The business is expected to announce its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that BJ’s Restaurants will report full year sales of $1.11 billion for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next financial year, analysts expect that the business will report sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.18 billion. Zacks’ 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 posted its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, beating the consensus estimate of $0.23 by $0.16. The business had revenue of $270.27 million during the quarter, compared to analysts’ expectations of $262.89 million. BJ’s Restaurants had a return on equity of 16.70% and a net margin of 5.80%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS.
Several research firms have recently commented on BJRI. Maxim Group reissued a “buy” rating and issued a $81.00 price target on shares of BJ’s Restaurants in a report on Wednesday, October 24th. Zacks Investment Research raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Friday. BidaskClub downgraded BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Wedbush reaffirmed a “buy” rating and issued a $75.00 price objective on shares of BJ’s Restaurants in a research note on Monday, December 10th. Finally, Stifel Nicolaus raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. BJ’s Restaurants has a consensus rating of “Hold” and an average price target of $64.00.
Shares of BJRI traded up $0.22 during mid-day trading on Friday, hitting $55.85. The company’s stock had a trading volume of 368,000 shares, compared to its average volume of 439,263. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $1.17 billion, a P/E ratio of 39.54, a P/E/G ratio of 1.57 and a beta of 0.96. BJ’s Restaurants has a 1-year low of $35.51 and a 1-year high of $76.50.
In other news, VP Kendra D. Miller sold 4,899 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $65.25, for a total transaction of $319,659.75. Following the sale, the vice president now owns 8,909 shares in the company, valued at $581,312.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kendra D. Miller sold 11,524 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $66.17, for a total value of $762,543.08. Following the sale, the vice president now owns 8,909 shares in the company, valued at approximately $589,508.53. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in BJ’s Restaurants during the second quarter worth $230,000. Rhumbline Advisers boosted its stake in BJ’s Restaurants by 3.6% during the second quarter. Rhumbline Advisers now owns 46,185 shares of the restaurant operator’s stock worth $2,771,000 after buying an additional 1,615 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in BJ’s Restaurants during the second quarter worth $249,000. Bank of New York Mellon Corp boosted its stake in BJ’s Restaurants by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 299,165 shares of the restaurant operator’s stock worth $17,949,000 after buying an additional 22,738 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in BJ’s Restaurants during the second quarter worth $250,000. Institutional investors and hedge funds own 94.86% of the company’s stock.
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 November 20, 2018, the company owned and operated 202 casual dining restaurants located in the 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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