BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities researchers at Piper Jaffray Companies lifted their FY2018 earnings estimates for BJ’s Restaurants in a report released on Thursday, October 4th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will post earnings per share of $2.09 for the year, up from their previous forecast of $2.08. Piper Jaffray Companies has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for BJ’s Restaurants’ Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $2.35 EPS.
BJRI has been the subject of a number of other reports. Zacks Investment Research downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Stifel Nicolaus increased their price target on BJ’s Restaurants from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 12th. Wedbush increased their price target on BJ’s Restaurants from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. ValuEngine raised BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 28th. Finally, BidaskClub raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. BJ’s Restaurants currently has a consensus rating of “Buy” and an average price target of $60.33.
Shares of BJRI opened at $67.59 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.36. The company has a market cap of $1.52 billion, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80. BJ’s Restaurants has a 12 month low of $29.40 and a 12 month high of $76.50.
BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.15. The company had revenue of $287.63 million during the quarter, compared to the consensus estimate of $283.22 million. BJ’s Restaurants had a return on equity of 15.76% and a net margin of 5.35%. BJ’s Restaurants’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share.
In other BJ’s Restaurants news, VP Lon Ledwith sold 11,211 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.44, for a total value of $845,757.84. Following the completion of the sale, the vice president now directly owns 10,913 shares of the company’s stock, valued at $823,276.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noah A. Elbogen sold 888 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $76.05, for a total value of $67,532.40. The disclosure for this sale can be found here. Insiders sold 301,614 shares of company stock valued at $21,777,152 over the last three months. Company insiders own 6.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in BJ’s Restaurants in the first quarter worth $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in BJ’s Restaurants in the second quarter worth $230,000. Bessemer Group Inc. purchased a new stake in BJ’s Restaurants in the second quarter worth $234,000. Teacher Retirement System of Texas purchased a new stake in BJ’s Restaurants in the second quarter worth $249,000. Finally, SG Americas Securities LLC purchased a new stake in BJ’s Restaurants in the second quarter worth $250,000. 95.27% of the stock is owned by institutional investors and hedge funds.
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 September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
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