BJ’s Restaurants (NASDAQ: BJRI) recently received a number of ratings updates from brokerages and research firms:

  • 11/10/2017 – BJ’s Restaurants was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “BJ’s Restaurants posted third-quarter fiscal 2017 adjusted earnings of 15 cents per share that fell short of the Zacks Consensus Estimate by 37.5%. Also, earnings declined 50% year over year due to increased expenses and adverse effects of the recent hurricanes. Revenues of $247 million were up 5.7% year over year given increase in total operating weeks but missed the consensus mark by 0.7%. Meanwhile, comps declined 1.7% in the quarter. Additionally, BJ’s Restaurants shares have underperformed the industry in the last six months. Nevertheless, the four strategic sales-building initiatives undertaken by the company are expected to boost the top line, going forward. Also, a deep pipeline of new menu items, loyalty program enhancements and other productivity and digital initiatives are likely to improve performance. Even so, higher costs, an uncertain sales environment and a slowdown in company’s development plan remain concerns.”
  • 10/30/2017 – BJ’s Restaurants was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “BJ’s Restaurants posted third-quarter fiscal 2017 adjusted earnings of 15 cents per share that fell short of the Zacks Consensus Estimate by 37.5%. Also, earnings declined 50% year over year due to increased expenses and adverse effects of the recent hurricanes. Revenues of $247 million were up 5.7% year over year given increase in total operating weeks but missed the consensus mark by 0.7%. Meanwhile, comps declined 1.7% in the quarter. Additionally, BJ’s Restaurants shares have underperformed the industry in the last six months. Nevertheless, the four strategic sales-building initiatives undertaken by the company are expected to boost the top line, going forward. Also, a deep pipeline of new menu items, loyalty program enhancements and other productivity and digital initiatives are likely to improve performance. Even so, higher costs, an uncertain sales environment and a slowdown in company’s development plan remain concerns.”
  • 10/27/2017 – BJ’s Restaurants had its price target lowered by analysts at Canaccord Genuity from $42.00 to $38.00. They now have a “buy” rating on the stock.
  • 10/27/2017 – BJ’s Restaurants had its price target lowered by analysts at Barclays PLC from $29.00 to $27.00. They now have an “underweight” rating on the stock.
  • 10/18/2017 – BJ’s Restaurants had its price target lowered by analysts at Wells Fargo & Company from $35.00 to $30.00. They now have a “market perform” rating on the stock.
  • 10/18/2017 – BJ’s Restaurants had its price target lowered by analysts at Barclays PLC from $30.00 to $29.00. They now have an “underweight” rating on the stock.
  • 10/12/2017 – BJ’s Restaurants had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $36.00 price target on the stock.
  • 10/6/2017 – BJ’s Restaurants had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $42.00 price target on the stock.
  • 10/2/2017 – BJ’s Restaurants is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $32.00 price target on the stock.

BJ’s Restaurants, Inc. (NASDAQ BJRI) opened at $31.60 on Tuesday. The stock has a market capitalization of $652.02, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. BJ’s Restaurants, Inc. has a twelve month low of $28.00 and a twelve month high of $47.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.56 and a quick ratio of 0.46.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $248.73 million. During the same period in the prior year, the company posted $0.30 EPS. BJ’s Restaurants’s quarterly revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that BJ’s Restaurants, Inc. will post 1.41 EPS for the current fiscal year.

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

In other BJ’s Restaurants news, Director Patrick Walsh sold 37,764 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.59, for a total transaction of $1,192,964.76. Following the sale, the director now directly owns 19,844 shares of the company’s stock, valued at approximately $626,871.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Gregory S. Lynds sold 3,621 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.48, for a total transaction of $110,368.08. Following the sale, the vice president now directly owns 19,103 shares in the company, valued at $582,259.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,092 shares of company stock worth $1,453,015. Company insiders own 6.80% of the company’s stock.

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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