Equities research analysts expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report earnings per share (EPS) of $0.73 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for BJ’s Restaurants’ earnings, with estimates ranging from $0.70 to $0.76. BJ’s Restaurants reported earnings per share of $0.79 during the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The company is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that BJ’s Restaurants will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $2.45. For the next financial year, analysts forecast that the firm will report earnings of $2.52 per share, with EPS estimates ranging from $2.29 to $2.75. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The company had revenue of $290.55 million during the quarter, compared to the consensus estimate of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS.

Several equities research analysts have recently weighed in on BJRI shares. BidaskClub raised shares of BJ’s Restaurants from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Maxim Group reaffirmed a “buy” rating and set a $72.00 price objective on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. ValuEngine downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Stephens lowered their price objective on shares of BJ’s Restaurants from $80.00 to $70.00 and set an “in-line” rating for the company in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in BJ’s Restaurants by 3.1% in the 4th quarter. BlackRock Inc. now owns 3,211,854 shares of the restaurant operator’s stock worth $162,424,000 after purchasing an additional 96,466 shares during the last quarter. Vanguard Group Inc. grew its position in BJ’s Restaurants by 21.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,557,469 shares of the restaurant operator’s stock worth $184,650,000 after purchasing an additional 443,322 shares during the last quarter. Neuberger Berman Group LLC grew its position in BJ’s Restaurants by 67.5% in the 1st quarter. Neuberger Berman Group LLC now owns 717,915 shares of the restaurant operator’s stock worth $33,943,000 after purchasing an additional 289,372 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in BJ’s Restaurants by 0.5% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 628,789 shares of the restaurant operator’s stock worth $29,729,000 after purchasing an additional 3,144 shares during the last quarter. Finally, Marshall Wace LLP grew its position in BJ’s Restaurants by 141.1% in the 1st quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after purchasing an additional 331,443 shares during the last quarter.

Shares of BJRI traded down $0.92 during midday trading on Friday, hitting $44.66. The company had a trading volume of 406,424 shares, compared to its average volume of 524,387. The company has a market capitalization of $925.98 million, a P/E ratio of 19.00, a PEG ratio of 1.52 and a beta of 0.82. BJ’s Restaurants has a 52 week low of $43.96 and a 52 week high of $76.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.32 and a current ratio of 0.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, May 10th. BJ’s Restaurants’s dividend payout ratio is presently 20.43%.

BJ’s Restaurants Company Profile

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

See Also: Asset Allocation

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

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