BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Wedbush lowered their Q2 2017 earnings estimates for shares of BJ’s Restaurants in a report issued on Thursday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.51 per share for the quarter, down from their prior forecast of $0.54. Wedbush has a “Hold” rating and a $45.00 price objective on the stock. Wedbush also issued estimates for BJ’s Restaurants’ FY2017 earnings at $1.74 EPS and FY2018 earnings at $1.93 EPS.

Other equities analysts have also issued reports about the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 14th. Barclays PLC lowered their target price on BJ’s Restaurants from $38.00 to $36.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 target price on shares of BJ’s Restaurants in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of BJ’s Restaurants in a research report on Saturday. Finally, Canaccord Genuity raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.67.

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Shares of BJ’s Restaurants (BJRI) opened at 34.95 on Monday. BJ’s Restaurants has a 12-month low of $32.24 and a 12-month high of $47.55. The firm has a market capitalization of $753.45 million, a P/E ratio of 19.07 and a beta of 1.10. The stock has a 50 day moving average of $38.40 and a 200-day moving average of $39.33.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, April 27th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $257.80 million for the quarter, compared to the consensus estimate of $255.66 million. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year.

BJ’s Restaurants announced that its board has approved a share repurchase plan on Thursday, April 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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

A number of large investors have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC bought a new stake in BJ’s Restaurants during the first quarter worth approximately $102,000. State of Alaska Department of Revenue raised its stake in BJ’s Restaurants by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 3,557 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,557 shares during the last quarter. Victory Capital Management Inc. raised its stake in BJ’s Restaurants by 38.2% in the first quarter. Victory Capital Management Inc. now owns 3,734 shares of the restaurant operator’s stock worth $151,000 after buying an additional 1,033 shares during the last quarter. Mason Street Advisors LLC raised its stake in BJ’s Restaurants by 0.6% in the first quarter. Mason Street Advisors LLC now owns 4,242 shares of the restaurant operator’s stock worth $171,000 after buying an additional 24 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in BJ’s Restaurants during the fourth quarter worth approximately $233,000. 94.46% of the stock is owned by institutional investors and hedge funds.

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.

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

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