BJ’s Restaurants Inc. (BJRI) Scheduled to Post Quarterly Earnings on Wednesday
BJ’s Restaurants Inc. (NASDAQ:BJRI) will be releasing its earnings data after the market closes on Wednesday, October 19th. Analysts expect BJ’s Restaurants to post earnings of $0.33 per share for the quarter.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.56 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $253.23 million. During the same period in the previous year, the firm earned $0.47 EPS. The company’s revenue was up 7.9% on a year-over-year basis. 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.
Shares of BJ’s Restaurants Inc. (NASDAQ:BJRI) opened at 35.06 on Tuesday. The company’s 50-day moving average is $37.13 and its 200 day moving average is $41.72. The company has a market cap of $847.51 million, a price-to-earnings ratio of 18.18 and a beta of 1.17. BJ’s Restaurants Inc. has a 1-year low of $34.41 and a 1-year high of $47.95.
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Several research firms have commented on BJRI. Zacks Investment Research upgraded shares of BJ’s Restaurants from a “strong sell” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, September 27th. Wedbush lowered shares of BJ’s Restaurants from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $47.00 to $40.00 in a research report on Friday, September 9th. Robert W. Baird restated a “neutral” rating on shares of BJ’s Restaurants in a report on Thursday, September 8th. Canaccord Genuity began coverage on shares of BJ’s Restaurants in a report on Monday, August 22nd. They issued a “hold” rating and a $43.00 target price for the company. Finally, Jefferies Group restated a “hold” rating on shares of BJ’s Restaurants in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $40.67.
In other BJ’s Restaurants news, Director Noah A. Elbogen bought 30,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were acquired at an average price of $39.17 per share, with a total value of $1,175,100.00. Following the transaction, the director now owns 1,271 shares of the company’s stock, valued at approximately $49,785.07. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Luxor Capital Group, Lp sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $35.74, for a total transaction of $1,322,380.00. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of BJRI. Invictus RG increased its position in BJ’s Restaurants by 27.3% in the second quarter. Invictus RG now owns 2,354 shares of the company’s stock worth $103,000 after buying an additional 505 shares during the period. BlackRock Inc. increased its position in BJ’s Restaurants by 120.5% in the second quarter. BlackRock Inc. now owns 3,178 shares of the company’s stock worth $139,000 after buying an additional 1,737 shares during the period. Advisor Group Inc. acquired a new position in BJ’s Restaurants during the second quarter worth approximately $152,000. Clinton Group Inc. acquired a new position in BJ’s Restaurants during the second quarter worth approximately $208,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in BJ’s Restaurants during the second quarter worth approximately $278,000. 93.55% of the stock is currently owned by institutional investors and hedge funds.
BJ’s Restaurants Company Profile
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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