$259.98 Million in Sales Expected for BJ’s Restaurants, Inc. (BJRI) This Quarter

Wall Street brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to post $259.98 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for BJ’s Restaurants’ earnings, with the highest sales estimate coming in at $262.78 million and the lowest estimate coming in at $258.45 million. BJ’s Restaurants reported sales of $265.62 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The business is expected to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that BJ’s Restaurants will report full-year sales of $259.98 million for the current year, with estimates ranging from $1.02 billion to $1.03 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.07 billion per share, with estimates ranging from $1.05 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.09). BJ’s Restaurants had a net margin of 3.30% and a return on equity of 13.85%. The company had revenue of $247.00 million for the quarter, compared to the consensus estimate of $248.73 million. During the same period in the prior year, the firm posted $0.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis.

A number of equities analysts recently commented on the stock. Jefferies Group reissued a “hold” rating and issued a $39.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, August 31st. Canaccord Genuity reduced their price objective on shares of BJ’s Restaurants from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Barclays reduced their price objective on shares of BJ’s Restaurants from $29.00 to $27.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Robert W. Baird reissued a “hold” rating and issued a $36.00 price objective on shares of BJ’s Restaurants in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $36.89.

In other BJ’s Restaurants news, CFO Gregory Levin sold 7,209 shares of BJ’s Restaurants stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total value of $245,178.09. Following the transaction, the chief financial officer now directly owns 45,672 shares of the company’s stock, valued at $1,553,304.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian S. Krakower sold 801 shares of BJ’s Restaurants stock in a transaction on Monday, November 20th. The stock was sold at an average price of $34.07, for a total transaction of $27,290.07. The disclosure for this sale can be found here. Insiders sold 64,102 shares of company stock valued at $2,035,484 in the last three months. 6.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its holdings 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 purchasing an additional 1,557 shares during the last quarter. Victory Capital Management Inc. grew its holdings in BJ’s Restaurants by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,391 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 657 shares during the last quarter. SG Americas Securities LLC grew its holdings in BJ’s Restaurants by 20.8% in the second quarter. SG Americas Securities LLC now owns 5,093 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 877 shares during the last quarter. Pacad Investment Ltd. grew its holdings 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 worth $216,000 after purchasing an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in BJ’s Restaurants in the second quarter worth $231,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of BJ’s Restaurants (NASDAQ BJRI) opened at $35.55 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.56. BJ’s Restaurants has a 12 month low of $28.00 and a 12 month high of $47.55. The firm has a market cap of $737.64, a P/E ratio of 22.20, a PEG ratio of 1.69 and a beta of 0.96.

The firm also recently disclosed a special dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 10th. BJ’s Restaurants’s dividend payout ratio (DPR) is 7.24%.

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

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