Equities research analysts expect BJ's Restaurants, Inc. (NASDAQ:BJRI) to post earnings per share of $0.54 for the current quarter, Zacks reports. Seven analysts have made estimates for BJ's Restaurants’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.61. BJ's Restaurants reported earnings per share of $0.42 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is expected to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that BJ's Restaurants will report full-year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.58 to $1.96. For the next year, analysts forecast that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.68 to $2.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow BJ's Restaurants.
BJ's Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The business had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $259.34 million. During the same period in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year.
Shares of BJ's Restaurants (NASDAQ BJRI) opened at $43.70 on Tuesday. BJ's Restaurants has a 52 week low of $28.00 and a 52 week high of $47.55. The stock has a market capitalization of $901.68, a PE ratio of 32.86, a P/E/G ratio of 1.61 and a beta of 0.81. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, March 12th. BJ's Restaurants’s dividend payout ratio is presently 8.27%.
In related news, insider Brian S. Krakower sold 5,504 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $44.21, for a total value of $243,331.84. Following the transaction, the insider now directly owns 3,318 shares in the company, valued at $146,688.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex Puchner sold 3,660 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $44.29, for a total transaction of $162,101.40. Following the completion of the transaction, the insider now owns 2,323 shares in the company, valued at $102,885.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,867 shares of company stock worth $7,447,599. Company insiders own 6.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of BJ's Restaurants by 13.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,075,435 shares of the restaurant operator’s stock worth $32,746,000 after purchasing an additional 131,078 shares during the last quarter. Millennium Management LLC increased its position in shares of BJ's Restaurants by 41.1% in the fourth quarter. Millennium Management LLC now owns 1,025,536 shares of the restaurant operator’s stock worth $37,330,000 after purchasing an additional 298,835 shares during the last quarter. Deutsche Bank AG increased its position in shares of BJ's Restaurants by 2.3% in the fourth quarter. Deutsche Bank AG now owns 550,962 shares of the restaurant operator’s stock worth $20,052,000 after purchasing an additional 12,459 shares during the last quarter. State Street Corp increased its position in shares of BJ's Restaurants by 0.6% in the second quarter. State Street Corp now owns 523,087 shares of the restaurant operator’s stock worth $19,485,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Armistice Capital LLC increased its position in shares of BJ's Restaurants by 28.0% in the fourth quarter. Armistice Capital LLC now owns 384,000 shares of the restaurant operator’s stock worth $13,978,000 after purchasing an additional 84,000 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.
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.
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.