William Blair Weighs in on BJ's Restaurants, Inc.’s Q1 2017 Earnings (BJRI)
BJ's Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at William Blair lowered their Q1 2017 earnings per share (EPS) estimates for BJ's Restaurants in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.35. William Blair also issued estimates for BJ's Restaurants’ Q3 2017 earnings at $0.33 EPS, FY2017 earnings at $1.78 EPS and FY2018 earnings at $1.98 EPS.
BJ's Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, February 23rd. The restaurant operator reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.15. The business had revenue of $265.62 million for the quarter, compared to analyst estimates of $264.41 million. BJ's Restaurants had a net margin of 4.54% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share.
ILLEGAL ACTIVITY WARNING: “William Blair Weighs in on BJ's Restaurants, Inc.’s Q1 2017 Earnings (BJRI)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/william-blair-weighs-in-on-bjs-restaurants-inc-s-q1-2017-earnings-bjri/1206844.html.
A number of other equities research analysts have also recently commented on BJRI. Zacks Investment Research cut BJ's Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, December 23rd. Jefferies Group LLC reiterated a “hold” rating on shares of BJ's Restaurants in a research note on Tuesday, January 3rd. Wedbush cut BJ's Restaurants from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Thursday, January 5th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of BJ's Restaurants in a research note on Friday, January 6th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $36.00 target price on shares of BJ's Restaurants in a research note on Sunday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.38.
Shares of BJ's Restaurants (NASDAQ:BJRI) opened at 42.65 on Friday. The stock has a 50 day moving average of $39.37 and a 200-day moving average of $37.48. BJ's Restaurants has a 12 month low of $32.24 and a 12 month high of $47.55. The company has a market cap of $932.24 million, a price-to-earnings ratio of 22.69 and a beta of 0.90. BJ's Restaurants also saw unusually large options trading on Tuesday. Stock traders bought 10,009 put options on the company. This represents an increase of 1,947% compared to the average volume of 489 put options.
In related news, insider Alex Puchner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $38.30, for a total value of $191,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick Walsh sold 29,966 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $37.13, for a total value of $1,112,637.58. Following the completion of the sale, the director now owns 19,844 shares in the company, valued at $736,807.72. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. HG Vora Capital Management LLC purchased a new stake in shares of BJ's Restaurants during the third quarter worth about $30,218,000. Davidson Kempner Capital Management LP purchased a new stake in shares of BJ's Restaurants during the fourth quarter worth about $11,498,000. Norges Bank purchased a new stake in shares of BJ's Restaurants during the fourth quarter worth about $7,030,000. Renaissance Technologies LLC boosted its stake in shares of BJ's Restaurants by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 850,900 shares of the restaurant operator’s stock worth $33,440,000 after buying an additional 127,971 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of BJ's Restaurants by 8.9% in the third quarter. BlackRock Fund Advisors now owns 1,464,043 shares of the restaurant operator’s stock worth $52,047,000 after buying an additional 119,777 shares in the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.
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.
Receive News & Ratings for BJ's Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Restaurants Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.