Brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to post $278.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for BJ’s Restaurants’ earnings, with the highest sales estimate coming in at $280.90 million and the lowest estimate coming in at $276.56 million. BJ’s Restaurants posted sales of $270.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The company is scheduled to announce its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that BJ’s Restaurants will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts expect that the business will report sales of $1.23 billion, with estimates ranging from $1.22 billion to $1.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.06). The firm had revenue of $301.09 million for the quarter, compared to analyst estimates of $300.35 million. BJ’s Restaurants had a net margin of 4.05% and a return on equity of 14.63%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS.

Several research firms recently commented on BJRI. Barclays set a $32.00 price target on shares of BJ’s Restaurants and gave the company a “sell” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Robert W. Baird dropped their price target on shares of BJ’s Restaurants from $53.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. BidaskClub upgraded shares of BJ’s Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, CIBC upgraded shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.67.

BJRI stock traded down $1.78 during midday trading on Thursday, hitting $36.26. 448,386 shares of the stock traded hands, compared to its average volume of 522,071. The firm has a market cap of $741.92 million, a P/E ratio of 15.43, a PEG ratio of 1.40 and a beta of 0.88. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.37 and a quick ratio of 0.30. The stock’s fifty day simple moving average is $37.19 and its 200-day simple moving average is $43.22. BJ’s Restaurants has a 1-year low of $32.62 and a 1-year high of $72.98.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, August 9th. BJ’s Restaurants’s payout ratio is 20.43%.

In other BJ’s Restaurants news, CEO Greg Trojan purchased 14,400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $32.92 per share, with a total value of $474,048.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald W. Deitchle purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $33.81 per share, for a total transaction of $101,430.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of BJRI. BNP Paribas Arbitrage SA lifted its stake in shares of BJ’s Restaurants by 97.4% in the first quarter. BNP Paribas Arbitrage SA now owns 6,252 shares of the restaurant operator’s stock worth $296,000 after buying an additional 3,085 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of BJ’s Restaurants in the first quarter worth about $950,000. Rhumbline Advisers lifted its stake in shares of BJ’s Restaurants by 1.0% in the first quarter. Rhumbline Advisers now owns 60,081 shares of the restaurant operator’s stock worth $2,841,000 after buying an additional 572 shares in the last quarter. Texas Permanent School Fund lifted its stake in shares of BJ’s Restaurants by 2.7% in the first quarter. Texas Permanent School Fund now owns 14,312 shares of the restaurant operator’s stock worth $677,000 after buying an additional 379 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of BJ’s Restaurants by 36.2% in the first quarter. Victory Capital Management Inc. now owns 7,173 shares of the restaurant operator’s stock worth $339,000 after buying an additional 1,905 shares in the last quarter.

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.

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

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