Wall Street brokerages expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will report sales of $277.33 million for the current quarter, Zacks reports. Eight analysts have made estimates for BJ’s Restaurants’ earnings, with the highest sales estimate coming in at $280.63 million and the lowest estimate coming in at $273.44 million. BJ’s Restaurants reported sales of $261.14 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is expected to report its next earnings results on Thursday, February 28th.

On average, analysts expect that BJ’s Restaurants will report full year sales of $1.11 billion for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next financial year, analysts forecast that the company will report sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.16. BJ’s Restaurants had a return on equity of 16.70% and a net margin of 5.80%. The company had revenue of $270.27 million for the quarter, compared to analyst estimates of $262.89 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year.

Several equities analysts have weighed in on the company. BidaskClub upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Barclays lifted their price objective on BJ’s Restaurants from $54.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 31st. ValuEngine upgraded BJ’s Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. Zacks Investment Research upgraded BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, July 25th. Finally, Maxim Group began coverage on BJ’s Restaurants in a research note on Wednesday, August 22nd. They issued a “buy” rating and a $81.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $66.00.

In related news, VP Kendra D. Miller sold 4,899 shares of BJ’s Restaurants stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $65.25, for a total transaction of $319,659.75. Following the sale, the vice president now directly owns 8,909 shares of the company’s stock, valued at $581,312.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin E. Mayer sold 1,846 shares of BJ’s Restaurants stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $75.61, for a total value of $139,576.06. Following the sale, the vice president now directly owns 6,121 shares in the company, valued at $462,808.81. The disclosure for this sale can be found here. Insiders sold 239,695 shares of company stock worth $17,757,183 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in BJRI. Rothschild Asset Management Inc. acquired a new stake in BJ’s Restaurants during the second quarter worth about $28,901,000. Acadian Asset Management LLC grew its position in BJ’s Restaurants by 98.8% during the third quarter. Acadian Asset Management LLC now owns 765,717 shares of the restaurant operator’s stock worth $55,285,000 after buying an additional 380,544 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in BJ’s Restaurants during the third quarter worth about $26,635,000. Matarin Capital Management LLC acquired a new stake in BJ’s Restaurants during the third quarter worth about $22,632,000. Finally, BlackRock Inc. grew its position in BJ’s Restaurants by 10.2% during the second quarter. BlackRock Inc. now owns 3,168,825 shares of the restaurant operator’s stock worth $190,129,000 after buying an additional 292,172 shares in the last quarter.

NASDAQ BJRI opened at $57.74 on Friday. BJ’s Restaurants has a fifty-two week low of $33.10 and a fifty-two week high of $76.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 1.63 and a beta of 1.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 12th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from BJ’s Restaurants’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. BJ’s Restaurants’s payout ratio is presently 34.04%.

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

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