Brokerages expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce $250.00 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $247.47 million and the highest is $252.30 million. BJ’s Restaurants reported sales of $233.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 18th.

On average, analysts expect that BJ’s Restaurants will report full year sales of $250.00 million for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts anticipate that the firm will report sales of $1.08 billion per share, with estimates ranging from $1.07 billion to $1.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a return on equity of 14.51% and a net margin of 3.82%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and issued a $42.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price objective on shares of BJ’s Restaurants in a research note on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, April 27th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.33.

BJ’s Restaurants (NASDAQ:BJRI) opened at 33.05 on Friday. BJ’s Restaurants has a 1-year low of $30.40 and a 1-year high of $47.55. The stock has a market capitalization of $712.49 million, a P/E ratio of 19.48 and a beta of 1.08. The stock has a 50 day moving average of $35.30 and a 200 day moving average of $39.07.

BJ’s Restaurants announced that its board has initiated a stock buyback program on Thursday, April 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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In other BJ’s Restaurants news, insider Alex Puchner sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $44.75, for a total transaction of $179,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin E. Mayer sold 4,468 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.46, for a total transaction of $203,115.28. Following the sale, the vice president now directly owns 5,817 shares in the company, valued at $264,440.82. The disclosure for this sale can be found here. Insiders have sold a total of 15,914 shares of company stock worth $723,150 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in BJRI. Mason Street Advisors LLC boosted 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 valued at $171,000 after buying an additional 24 shares in the last quarter. Aperio Group LLC boosted its stake in BJ’s Restaurants by 0.7% in the second quarter. Aperio Group LLC now owns 6,593 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 45 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in BJ’s Restaurants by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,884 shares of the restaurant operator’s stock valued at $319,000 after buying an additional 93 shares in the last quarter. Pacad Investment Ltd. boosted its stake in BJ’s Restaurants by 1.8% in the second quarter. Pacad Investment Ltd. now owns 5,800 shares of the restaurant operator’s stock valued at $216,000 after buying an additional 100 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in BJ’s Restaurants by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 27,137 shares of the restaurant operator’s stock valued at $1,095,000 after buying an additional 172 shares in the last quarter. 94.15% of the stock is currently owned by institutional investors.

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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