Equities analysts expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report $271.71 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $269.76 million and the highest is $273.85 million. BJ’s Restaurants reported sales of $250.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that BJ’s Restaurants will report full-year sales of $271.71 million for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next year, analysts expect that the firm will post sales of $1.11 billion per share, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, April 27th. The restaurant operator reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. BJ’s Restaurants had a net margin of 4.29% and a return on equity of 14.86%. The business had revenue of $257.80 million for the quarter, compared to analyst estimates of $255.66 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 5.9% on a year-over-year basis.

Several analysts have issued reports on the stock. Wedbush reaffirmed a “hold” rating and issued a $45.00 price target on shares of BJ’s Restaurants in a report on Thursday, May 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $45.00 price target on shares of BJ’s Restaurants in a report on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of BJ’s Restaurants in a report on Thursday, April 27th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price target on shares of BJ’s Restaurants in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of BJ’s Restaurants from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.67.

BJ’s Restaurants (BJRI) opened at 34.95 on Friday. BJ’s Restaurants has a 1-year low of $32.24 and a 1-year high of $47.55. The stock has a market capitalization of $753.45 million, a price-to-earnings ratio of 19.07 and a beta of 1.10. The firm has a 50-day moving average of $38.40 and a 200-day moving average of $39.33.

BJ’s Restaurants declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, Director Larry D. Bouts sold 6,879 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.38, for a total transaction of $312,169.02. Following the transaction, the director now owns 75,225 shares of the company’s stock, valued at $3,413,710.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex Puchner sold 7,073 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $45.80, for a total transaction of $323,943.40. Following the transaction, the insider now directly owns 4,094 shares in the company, valued at approximately $187,505.20. The disclosure for this sale can be found here. Insiders have sold 22,793 shares of company stock worth $1,035,319 in the last three months. Insiders own 6.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in BJRI. Comerica Bank increased its position in shares of BJ’s Restaurants by 3.8% in the fourth quarter. Comerica Bank now owns 17,985 shares of the restaurant operator’s stock valued at $646,000 after buying an additional 664 shares during the last quarter. State Street Corp increased its position in shares of BJ’s Restaurants by 3.0% in the fourth quarter. State Street Corp now owns 481,140 shares of the restaurant operator’s stock valued at $18,911,000 after buying an additional 13,997 shares during the last quarter. FMR LLC purchased a new position in shares of BJ’s Restaurants during the fourth quarter valued at about $2,059,000. Guggenheim Capital LLC purchased a new position in shares of BJ’s Restaurants during the fourth quarter valued at about $233,000. Finally, Thrivent Financial for Lutherans raised its position in shares of BJ’s Restaurants by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,680 shares of the restaurant operator’s stock valued at $420,000 after buying an additional 420 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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

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