Brokerages Anticipate BJ's Restaurants, Inc. (BJRI) to Post $0.33 EPS

Wall Street analysts expect BJ's Restaurants, Inc. (NASDAQ:BJRI) to announce $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for BJ's Restaurants’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.36. BJ's Restaurants reported earnings of $0.55 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The company is expected to issue its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that BJ's Restaurants will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.42. For the next financial year, analysts forecast that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.52 to $1.84. Zacks’ earnings per share averages are an average based on a survey of analysts that cover BJ's Restaurants.

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

Several research analysts have recently weighed in on BJRI shares. Stifel Nicolaus started coverage on shares of BJ's Restaurants in a research report on Monday, October 2nd. They issued a “hold” rating and a $32.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and issued a $42.00 target price on shares of BJ's Restaurants in a research report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $36.00 target price on shares of BJ's Restaurants in a research report on Thursday, October 12th. Wells Fargo & Co dropped their target price on shares of BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 18th. Finally, Barclays dropped their target price on shares of BJ's Restaurants from $30.00 to $29.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. BJ's Restaurants presently has an average rating of “Hold” and an average target price of $39.33.

BJ's Restaurants (BJRI) opened at $38.40 on Friday. The firm has a market cap of $792.31, a P/E ratio of 25.26, a PEG ratio of 1.51 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. BJ's Restaurants has a 1 year low of $28.00 and a 1 year high of $47.55.

In related news, Director Patrick Walsh sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the completion of the sale, the director now directly owns 19,844 shares in the company, valued at $703,072.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian S. Krakower sold 801 shares of the firm’s stock in a transaction that occurred 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. Over the last three months, insiders sold 184,102 shares of company stock worth $6,287,084. 6.80% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of BJRI. Schwab Charles Investment Management Inc. boosted its holdings in shares of BJ's Restaurants by 6.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 142,770 shares of the restaurant operator’s stock worth $5,319,000 after purchasing an additional 8,020 shares during the period. Legal & General Group Plc boosted its holdings in shares of BJ's Restaurants by 8.1% during the second quarter. Legal & General Group Plc now owns 35,778 shares of the restaurant operator’s stock worth $1,333,000 after purchasing an additional 2,687 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of BJ's Restaurants by 17.6% during 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 period. JPMorgan Chase & Co. boosted its holdings in shares of BJ's Restaurants by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 16,533 shares of the restaurant operator’s stock worth $615,000 after purchasing an additional 401 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of BJ's Restaurants by 33.5% during the second quarter. Alliancebernstein L.P. now owns 37,417 shares of the restaurant operator’s stock worth $1,394,000 after purchasing an additional 9,397 shares during the period. Institutional investors and hedge funds own 92.12% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/21/brokerages-anticipate-bjs-restaurants-inc-bjri-to-post-0-33-eps.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

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

Leave a Reply