Equities research analysts predict that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce sales of $250.00 million for the current fiscal 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 in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The firm is expected to report its next earnings results on Wednesday, October 18th.

On average, analysts expect that BJ’s Restaurants will report full year sales of $250.00 million for the current fiscal year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts anticipate that the company 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 calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BJ’s Restaurants.

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

A number of research firms have recently commented on BJRI. Robert W. Baird restated a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a research report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $39.00 price objective on shares of BJ’s Restaurants in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and issued a $42.00 price objective on shares of BJ’s Restaurants in a research report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $41.00 target price (down from $44.00) on shares of BJ’s Restaurants in a research note on Saturday, July 22nd. Four research 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 has a consensus rating of “Hold” and a consensus target price of $39.40.

Hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its stake in shares of BJ’s Restaurants by 4.6% during the second quarter. Neuberger Berman Group LLC now owns 682,961 shares of the restaurant operator’s stock worth $25,440,000 after acquiring an additional 29,949 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of BJ’s Restaurants by 23.0% in the first quarter. OppenheimerFunds Inc. now owns 19,312 shares of the restaurant operator’s stock worth $780,000 after buying an additional 3,606 shares during the period. Prudential Financial Inc. increased its stake in shares of BJ’s Restaurants by 101.8% in the first quarter. Prudential Financial Inc. now owns 121,763 shares of the restaurant operator’s stock worth $4,919,000 after buying an additional 61,430 shares during the period. Great Lakes Advisors LLC increased its stake in shares of BJ’s Restaurants by 18.9% in the first quarter. Great Lakes Advisors LLC now owns 17,628 shares of the restaurant operator’s stock worth $712,000 after buying an additional 2,804 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of BJ’s Restaurants by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 276,753 shares of the restaurant operator’s stock worth $11,181,000 after buying an additional 1,982 shares during the period. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants (NASDAQ BJRI) opened at 29.40 on Friday. The stock has a 50 day moving average of $31.60 and a 200 day moving average of $38.12. The firm has a market capitalization of $630.51 million, a PE ratio of 17.32 and a beta of 1.10. BJ’s Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55.

WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/09/17/bjs-restaurants-inc-bjri-expected-to-announce-quarterly-sales-of-250-00-million.html.

About BJ’s Restaurants

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.

Get a free copy of the Zacks research report on BJ’s Restaurants (BJRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for BJ's Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.