FY2018 Earnings Estimate for BJ’s Restaurants, Inc. Issued By William Blair (BJRI)
BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Analysts at William Blair cut their FY2018 earnings per share estimates for shares of BJ’s Restaurants in a research note issued on Thursday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $1.64 per share for the year, down from their prior estimate of $1.67.
BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $269.48 million. BJ’s Restaurants had a net margin of 3.82% and a return on equity of 14.51%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS.
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Other equities research analysts have also issued reports about the company. Canaccord Genuity restated a “buy” rating and issued a $42.00 target price on shares of BJ’s Restaurants in a report on Friday, July 28th. TheStreet lowered BJ’s Restaurants from a “b” rating to a “c+” rating in a report on Friday, July 7th. Morgan Stanley reiterated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of BJ’s Restaurants in a report on Saturday, July 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 price target on shares of BJ’s Restaurants in a report on Friday, July 14th. Finally, Stifel Nicolaus began coverage on BJ’s Restaurants in a report on Monday, October 2nd. They set a “hold” rating and a $32.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.56.
Shares of BJ’s Restaurants (BJRI) opened at 31.90 on Monday. The stock’s 50 day moving average is $29.95 and its 200-day moving average is $36.67. BJ’s Restaurants has a 1-year low of $28.00 and a 1-year high of $47.55. The stock has a market cap of $684.13 million, a price-to-earnings ratio of 18.80 and a beta of 1.07.
Several hedge funds and other institutional investors have recently modified their holdings of BJRI. Bank of New York Mellon Corp raised 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 valued at $11,181,000 after purchasing an additional 1,982 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of BJ’s Restaurants in the first quarter valued at $265,000. Sei Investments Co. raised its stake in shares of BJ’s Restaurants by 265.8% in the first quarter. Sei Investments Co. now owns 6,006 shares of the restaurant operator’s stock valued at $243,000 after purchasing an additional 4,364 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of BJ’s Restaurants by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 98,635 shares of the restaurant operator’s stock valued at $3,986,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of BJ’s Restaurants by 12.7% in the first quarter. Parametric Portfolio Associates LLC now owns 32,662 shares of the restaurant operator’s stock valued at $1,320,000 after purchasing an additional 3,682 shares in the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.
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.
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